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May 31 - 01:24 PM
USD/CAD: Shorts Around 1.30 Attractive; AUD/NZD: Still Prefers Longs - SocGen
First appeared on eFXplus on May 31 - 11:35 AM

Societe Generale Cross Asset Strategy Research flags a couple of attractive trading opportunities in short USD/CAD, and long AUD/NZD.

"Yesterday's Bank of Canada meeting suggests a rate hike is indeed possible this summer and reinforces our belief that shorting USD/CAD anywhere near 1.30 should work unless oil prices collapse.

We'd stick with AUD/NZD longs too. ‘Bargain-hunters' are likely to be out in force again in EM today too, but we'll resist the temptation to declare the all-clear while Italian political twists and turns continue at this speed,"SocGen argues.

Société Générale Research/Market Commentary


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