Turning more bullish on the US Dollar - ANZ

FXStreet (Bali) - Richard Yetsenga, FX Strategist at ANZ Research, believes that the period of USD weakness is ending .

Key Quotes

"USD under-performance is ending as US bond yields base and cyclical equities show some life."

"The NZD has been most correlated with yields, although the AUD is also likely to be affected."

"Among the G4 we expect the yen to be most sensitive."

"We own downside in NZD/USD and AUD/USD via options, and are long USD/IDR NDF’s."

AUD/USD drifting lower towards 0.9350 bids

AUD/USD is confined in a ranging environment of 40/50 pips between 0.9390/.94 and 0.9350.
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