BFM 89.9
The Business Station
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New York-based FXCM Inc Technical Strategist Joel Kruger doesn't expect dollar selling to be sustained, due to overall strength in US data and as Fed considers possibility of raising interest rates.
Where the Euro is concerned, he doesn't expect significant gains in the Euro beyond 1.35, more likely to see a resumption of dollar buying.
More of the same for yuan-dollar going forward despite China's Hu Jin Tao visiting US this week, doesn't anticipate anything significant this week that will force any major moves. Likely to continue to see appreciation in the chinese currency.
He expects dollar strength and ringgit weakness in the days ahead.
He's looking to sell AUD and buy Euro on dips against AUD this week.
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