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Barclay's FX month-end rebalancing model......>

FOREX
FOREX: Barclay's FX month-end rebalancing model highlights that "US equity
markets continued printing record highs, driven by corporate tax cuts, fiscal
boost and strong economic activity. In contrast, equity markets elsewhere saw
minor losses in dollar terms. Risk assets were challenged and the dollar
strengthened against high-beta peers, but modestly weakened vs. safe-haven
currencies, while GBP suffered on Brexit uncertainty. The outperformance of US
equities drives the model to produce strong dollar signal against all peers
(EUR, JPY, GBP, CAD & AUD)."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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