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Credit Agricole: AUD not as risky as it seems

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Credit Agricole have released their latest client note focusing mainly on the Australian Dollar. Key points are as follows:

  • The AUD has been resilient despite this week’s sell off in risk assets.
  • In that respect next week’s focus will be on January employment data.
  • Elsewhere, it will be about conditions in China.
  • Overall we expect the AUD to remain a sell on rallies.
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