FX Week 30 June 2013 |
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USD strength continued last week even as other asset markets were steadier following reassurances from Fed officials about QE ‘tapering’. The USD appears to be on course to recapture JPY100 (our 1-month target) only two weeks after it plunged to 94, and the DXY index is showing that its recovery is becoming more broad based entering H213. The coming week will see US economic data continue to take centre-stage with central banks also likely to be a significant influence on events this week.
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