News Headline Summary

AUD has experienced a difficult start to 2013, with the currency one of the main casualties of the normalisation process and the revival in EUR enthusiasm, according to the HSBC FX research team

Says:
- Recent JPY weakness is likely to have prevented further AUD weakness and if we are to see a reversal in the JPY's fall, the AUD is vulnerable to a carry unwind similar to that seen in 2008.

10 Feb 2013 - 20:36 - - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: