Lower targets across the cyclical G10 FX space for Q4 – Credit Suisse AUDUSD USDCAD NZDUSD EURNOK Banks
“Looking ahead into Q4, our core view is that the theme of FX underperformance vs the USD has space to play out further in the cyclical G10 space. As such, we now set our Q4 targets at 0.62 in AUD/USD, 1.42 in USD/CAD, 1.17 in AUD/NZD, 0.53 in“Along with the theme of broad divergence vs the USD, we also anticipate realizedto stay elevated in Q4, which leads us to set wider trading range for these pairs. Specifically, we now see AUD/USD trading between 0.67 and 0.60 in Q4, we see USD/CAD in a 1.
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