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MNI`s FX Positioning..........>

GLOBAL MARKET/OPINION
GLOBAL MARKET/OPINION: MNI`s FX Positioning Indicator shows USD sentiment has
reached the highest levels since May 2017. The growing positioning in the USD is
coming at the expense of EUR, GBP and JPY, all of which saw a fall in relative
net positioning in the most recent week of CFTC data:
- EUR`s Positioning Indicator touched the lowest in a year as the "Euroboom"
euphoria has faded
- JPY positioning sits close to the best level in years as markets shy away from
high yielders
- GBP positioning turning lower (and bound to get worse still) as a May rate
hike now looks a distant prospect.
-See full MNI Analysis email at 0745GMT for full details.

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