Commodity currencies will fight
According to Societe Generale, the normalization of monetary policy will be very slow to move to the United States and the euro area, and over the next few months will not wake up in Japan, but the central banks of Canada, New Zealand and Australia will embark on this path and go through it quickly enough that led investors to look at the CAD, NZD and AUD.Bank believes that if the “bulls” on the oil futures will be able to keep current levels and develop counter-attack, with the result that prices will continue to restore the quotes pair USD / CAD linger long below 1,32.Zheleznaya ore is currently entered in the correction and higher and higher, trying to break that creates the foundation for the continuation of the rally AUD / USD towards 0.77.
The time will come when the pair NZD / USD is required to reach the level of 0.75.
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