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Watch the commodity bloc inflation data - BNP Paribas

FXStreet (Bali) - Daniel Katzive, FX Strategist at BNP, reminds us to watch the commodity bloc inflation data next week, following the recent recovery in AUD, NZD and CAD.

Key Quotes

"Inflation data will be in focus in the commodity bloc, with Canada March CPI due on Friday 17 April and Australia and New Zealand reporting Q1 numbers during the week."

"Commodity currencies have performed well this past week amid upside data surprises in Australia and neutral messaging from the Bank of Canada. However, with both central banks prepared to ease further if data worsens, their currencies will be sensitive to downside surprises on the price data."

AUD/NZD: Longer terms bets to 1.0500

AUD/NZD is currently trading at 1.0175 with a high of 1.0181 and low of 1.0158.
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GBP/USD: Overbought but over done? - FXStreet

Valeria Bednarik, chief analyst at Westpac Banking Group noted that GBP/USD advanced for most of this Thursday, surging towards the 1.4980 level.
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