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FX Strategists from CACIB write that they......>

EURO
EURO: FX Strategists from CACIB write that they "remain in favour of buying EUR
on dips, for instance against the CHF" as FX positioning data still sees the EUR
being bought the most over the past week. This corroborates with Deutsche Bank
analysts who see short CHF/JPY as one of their G10 trade ideas of the week on a
valuation basis. 

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