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MNI finds that the USD - US...>

GLOBAL MARKET/OPINION
GLOBAL MARKET/OPINION: MNI finds that the USD - US Yield correlation has
completely broken down.
-The correlation between US 10-year yields and DXY evaporated this year after
being firmly positive throughout 2017
-Monetary policy not to blame: MNI PINCH model shows markets still pricing the
most aggressive rate path in months
-Correlation shift comes alongside speculation that global FX holdings could
diversify away from the USD, IMF COFER data due Friday could validate this
Please see inbox at 1133GMT for full MNI ANALYSIS piece.

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