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Neutral outlook on USD for the week ahead- Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The market strategy team at Westpac holds a neutral outlook on the USD for the week ahead, but sticks with a constructive 3 month outlook. The neutral outlook is due to –

    1) Some questionable data (i.e. a sub-50 ISM) amid still decent jobs data;

    2) USD index failure at the all-important 100 technical level;

    3) Year-end position squaring position pressures; and

    4) Probable dovish guidance from Chair Yellen at this week’s FOMC lift-off
    For more information, read our latest forex news.
     

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