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12 Jun 2013
Flash: Shorting AUD/NZD - TD Securities
FXstreet.com (London) - Research teams at TD Securities see opportunities around the Antipodeans in the FX space.
Asia-Pac stocks are all 1-2% lower by lunchtime as investors retreat, while in a defiance of traditional “risk off” logic, Antipodean bond yields are also climbing, with the longer end underperforming as duration exposure is trimmed.
Shorting AUD/NZD
When macro becomes relevant again, we like short AUDNZD in the current environment as Australia talks itself into recession while New Zealand activity data goes from strength to strength.
Asia-Pac stocks are all 1-2% lower by lunchtime as investors retreat, while in a defiance of traditional “risk off” logic, Antipodean bond yields are also climbing, with the longer end underperforming as duration exposure is trimmed.
Shorting AUD/NZD
When macro becomes relevant again, we like short AUDNZD in the current environment as Australia talks itself into recession while New Zealand activity data goes from strength to strength.