【出版时间及名称】：BARCAP-HAFX WEEKLY BRIEF-FIVE REASONS TO SELL AUD-NZD-100304
      【作者】：barclays
      【文件格式】：pdf
      【页数】：24
      【目录或简介】：
We do not think that the fundamentals will last to keep the AUD/NZD at its current
historically high levels, and recommend buying a 3m OTM put to position for a
significant reversal – we forecast a decline in AUD/NZD to 1.22 in three to six months.
Is USD/JPY off the trail? 9
The end of US quantitative easing will help correct the recent disequilibrium between
USD/JPY and risk-adjusted interest rate differentials.
PLN: A sweet spot for FX and rates 12
With growth accelerating and inflation dropping, we retain our view that policy rate
changes are not imminent and FX-unhedged long local bonds remain attractive.
COP: Banrep steps in 16
We view Banrep’s decision to intervene as a strong