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Jan 12 - 06:55 PM

AUD: Short EUR/AUD Remains Attractive Targeting 1.46 - Nomura

By eFXdata  —  Jan 12 - 03:00 PM

Nomura Research likes short EUR/AUD in spot targeting a move towards 1.46.

"We continue to think that relative growth, terms of trade, and investor positioning factors still favour AUD over EUR," Nomura notes. 

"Elsewhere, AUD has been outperforming NZD, reflecting, we believe, relative positioning and the China coal-related headlines, and follows the sharp decline over prior months," Nomura adds. 

Source:
Nomura Research/Market Commentary

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