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EUR/USD could struggle to cling on to 1.10 – SocGen

Euro steady at 1.10. Aussie thunders towards 0.65. Economists at analyze the outlook of EUR/USD and AUD/USD pairs

AUD/USD could return to the May/June low of 0.6458

EUR/USD mostly ignored the weakness in Yen and Yuan but could struggle to cling on to 1.10 as European stocks and yields retreat.

The AUD is the biggest faller in G10 after the slump in Chinese imports. A return to the May/June low of 0.6458 could follow.  

See: EUR/USD unlikely to drift away from a 1.09-1.11 range this month – ING

 

USD/CNH: No changes to the side-lined trading – UOB

UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang see USD/CNH sticking to the consolidative phase for the time being. Key Quotes
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GBP/JPY surrenders a major part of its intraday gains, up a little below mid-182.00s

The GBP/JPY cross climbs to a four-day high on Tuesday, albeit struggles to capitalize on the momentum and fails ahead of the 183.00 round-figure mark
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