BNZ - "Looking ahead, there is little on the data calendar tonight. We doubt the weekend’s G20 meeting will produce anything particularly meaningful. So markets look set to end the week a little more downbeat than how they began. With the risks to global growth again tipping to the downside, risk appetite may struggle to retain its post-QE3 buoyancy in the short-term. This should limit the AUD/USD and EUR/USD topside to 1.0600 and 1.3150 respectively. Keep an eye on Spain though. If the rumours the sovereign is on the cusp of applying to the EFSF for a bailout prove close to the truth, we should see another pop higher in EUR."

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Tags: AUD/USD, AUDUSD, BNZ, EUR/USD, EURUSD, QE3, Sovereign, Spain

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