Warning: A Dangerous Subversive: 1% of comments CoCed
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Battered USD Awaits US NFP-Led Flows
Akin to the dominant flows in November, the first week of December is in many respects tantamount to what we saw last month, with the Sterling and the New Zealand Dollar the best performing currencies as a fundamental shift, driven by expectation of a landslide victory by the Tories in UK election and a re-pricing of interest rates by the RBNZ as the positive developments out of New Zealand keep piling in. The Canadian Dollar is another currency going through an interesting transition in order flow after the BOC downplayed the chances of rate cuts in the immediate future. The sell-side smart money sponsorship appears ... (full story)
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- RossEdwards
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Confucius: the man who broke the mountain was the same man who started ...