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Morgan Stanley: Top FX trades for 2018 (2),...>

FOREX
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FOREX: Morgan Stanley: Top FX trades for 2018 (2),
* 6) Long CLP/MXN Mexican election and NAFTA uncertainty are likely to weigh on
MXN. 
* 7) Long PLN/HUF Monetary policy divergence plus growth dynamics suggest PLN
outperformance. 
* 8) Short USD/MYR Pick-up in growth, cheap valuations, higher oil prices and
policy normalization. 
* 9) Short AUD vs. KRW, TWD basket Policy divergence and strong exports helping
TWD and KRW. 
*10) Long IDR/PHP IDR valuation and carry is attractive. PHP stays weak, given
its twin deficit.
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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