Daily FNArena News - Currencies

FXCM Currency analyst John Kicklighter sees several headwinds for the USD this week.

Danske Bank suggests the case for a weaker yen against the US dollar continues to build, while Deutsche Bank sees scope for gold to continue to perform well in yen terms.

Australian assets and the Australian dollar are likely to be further underpinned now the IMF has added the Aussie to the previous list of five global reserve currencies.

Arvind Subramanian and Martin Kessler suggest as Chinese trade expands the renminbi will become a dominant reference currency in about 25 years.

In the view of CBA there is growing risk the Bank of Japan intervenes to weaken the yen, which could open up some trading opportunities.

With the AUD/USD cross less relevant as a sentiment read, CBA sees good opportunity in the EUR/JPY.

Market analysts at FXCM note the history of trading is littered with traders who believed they can do without a strong money management plan.

Technical analysis says the Aussie should go lower, but fundamentally Aussie dollar downside is limited by a capped US dollar.

Market analysis by FXCM suggests October might provide huge opportunities for FX traders.

Foreign investment in Aussie bonds has been cited as the reason why the AUD has remained elevated despite lower commodity prices, but ANZ has found this is not true at all.