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Aussie and Euro Hit Fresh Lows but Rebound Ahead of Fed Minutes

Wednesday, 16 May 2012 16:37 GMT
Asian market participants dropped higher yielding currencies and risk-correlated assets to their lowest levels in at least four months as Greek concerns continue to weigh on sentiment. However, after the Aussie and the Euro hit fresh May lows against the US Dollar, their courses quickly reversed ahead today’s key release.

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Currency Analyst
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GBP/USD Classical Technical Report 05.16

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Latest Analyst Picks
Technical Strategist Joel Kruger
Technical Strategist
Joel Kruger
Currency Pair: Long EUR/GBP from 0.8050
Expertise: Technical Analysis
Average Time Frame of Trades: 3-5 days
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Latest Analyst Picks
Currency Strategist Ilya Spivak
Currency Strategist
Ilya Spivak
Currency Pair: Hold Short EURUSD
Expertise: Global Macro
Average Time Frame of Trades: 1 week - 6 months
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Grab This!
Currency Central Bank Rate Overnight Rate
audaud 3.75% 3.90%
nzdnzd 2.50% 2.55%
eureur 1.00% 0.25%
cadcad 1.00% 0.99%
gbpgbp 0.50% 0.55%
usdusd 0.25% 0.15%
chfchf 0.00% 0.03%
jpyjpy 0.10% 0.11%
Symbol Roll S Roll B
EUR/USD 0.09 -0.15
USD/JPY -0.12 0.0
GBP/USD -0.6 0.24
USD/CHF 0.0 0.0
EUR/CHF 0.0 0.0
AUD/USD -4.23 2.04
USD/CAD 0.56 -1.24
NZD/USD -2.28 1.02
EUR/GBP 0.21 -0.51
EUR/JPY -0.3 0.09
GBP/JPY -0.78 0.33
CHF/JPY 0.0 0.0
Rates shown are the expected rolls in USD for holding one 10k lot today on a typical FXCM Standard account.