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Flash: EUR/AUD should extend to 1.38/36 - Westpac

FXstreet.com (Barcelona) - The overtretched rally in EUR/AUD may soon be running out of steam, notes Sean Callow, FX Strategist at Westpac: "A dovish ECB should help AUD extend its recent gains versus EUR, towards 1.3800/20, perhaps even the high 1.35-1.36, but by early August, the RBA rate cut we expect should hurt AUD once more, threatening a return to the 1.43 area, especially if the ECB takes its time to agree on fresh easing measures."

Session Recap: USD advances slightly ahead of FED Bernanke

The USD found some demand in the Asia-Pacific this Wednesday sending EUR/USD to fresh session lows at 1.3134, AUD/USD to 0.9218, and GBP/USD to 1.5107, while USD/JPY to session highs at 99.55.
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GBP/USD flat for the week above 1.51

The GBP/USD foreign exchange rate is last trading at 1.5114, off recent session lows at 1.5107, printed on the back of broad USD recovery, ahead of UK job figures and BoE minutes at 08:30 GMT.
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