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Fundamental Forecast for British Pound: Neutral

- Technical Positioning Hints Pound to Reverse Lower vs US Dollar

- Rates Outlook Key as British Pound Clings to UK-US Libor Spread

Fundamental Forecast for Canadian Dollar: Neutral

- Canadian GDP for May grew by 0.1% missing expectations of 0.2%- Raw materials price index unexpectedly declined 0.3% against forecasts for a 1.0% increase

The Canadian dollar advanced for a consecutive week as markets continue to feel bullish about the global economy.

Fundamental Outlook for US Dollar: Bearish

• Private Sector Credit Grows At Slower Pace
• Consumer Inflation Expands Less-Than-Expected
• Producer Prices Rise At Fastest Pace In 12-Months
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Fundamental Forecast for New Zealand Dollar: Neutral

• New Zealand Dollar Falls as RBNZ Talks Down Rate Hike Outlook
• U.S. Dollar Gains Hinted Versus Pound, New Zealand Dollar

The New Zealand dollar was the only G10 currency lower against the U.S. dollar this past week, tumbling some 0.47 percent, and the trend may continue going into next week’s trade as the Reserve Bank of New Zealand talked down their recent rate hike, while risk aversion looked to regain its footing.