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Asia-Pacific Dec outlook - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at Scotiabank offered the outlook for December trade in the Asia-Pacific.

    See here for latest price action in AUD/USD

    Key Quotes:

    "The JPY maintains a defensive tone on the back of poor economic growth and distressed public finances.

    The AUD will remain soft on the grounds of China’s growth deceleration and weak commodity prices. We are seeing a new phase of CNY weakness, which coupled with JPY depreciation, might fuel the risk of disruptive competitive re-alignments in the Asia-Pacific region."
    For more information, read our latest forex news.
     

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