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ANZ recommend going long EURAUD at......>

EURO-AUSSIE
EURO-AUSSIE: ANZ recommend going long EURAUD at 1.5492 targeting 1.6190, with a
stop below 1.5200.
- For the AUD, ANZ believe that "increasing focus on the weakness in the housing
market means that there is some chance the market will start to price in a less
positive outlook for growth; and, in an environment of tighter global rates, any
hint of weakness could have an outsized impact on the AUD."
- For the EUR, ANZ suggest that "after last week's panic selling amid renewed
fears of euro-breakup, some calm on the political front together with a stoic
ECB continuing to signal that it is moving towards tightening means that the EUR
is looking more positive."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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