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Barclay's trade of the week is a short.......>

AUSSIE
AUSSIE: Barclay's trade of the week is a short AUD/USD position with a target of
$0.7170 & a stop-loss at $0.7390.
- Barclay's rationale behind the trade is that "central bank communication this
week is likely to support a further divergence in US-Australia interest rate
differentials. The Fed will likely be constructive, while RBA Deputy Governor
Guy Debelle may emphasise the lack of urgency to raise rates with a speech on
"low inflation" on Wednesday. The AUD remains exposed to a re-emergence of trade
concerns and any deterioration in sentiment, given the importance of China as a
trading partner and the country's reliance foreign funding."
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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