Forex Flash: Commodity currencies have priced in most good news - UBS

FXstreet.com (Barcelona) - With AUDUSD unable to stay above 1.05 and USDCAD struggling below 0.99, UBS foreign exchange strategists continue to see commodity currencies in particular as having priced in all the recent good news at current levels against the US dollar, a weekend note said. "Furthermore, crosses like EURAUD are at risk of rising further if foreign central bank reserve diversification out of the euro continues to abate ahead of next month's key ECB meeting" UBS adds.

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