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Stagflation Worry Remains In The Air


(M2) Close to Cycle Lows


(M2) RBA Presses Prices Further


HKMA Intervenes In HKD

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FOREX: Morgan Stanley suggest that "continued Brexit negotiations may capture
investor focus but we retain our bullish GBP and EUR views. We believe a soft
Brexit resolution remains most likely and investors may be unprepared for EUR
and GBP strength on the back of rising US asset vol. We trade accordingly,
staying long European FX like GBP, NOK and SEK, while retaining shorts in highly
indebted DM economies vulnerable to tightening global liquidity."
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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