Free Trial

Westpac note that "other than squaring up a...>

FOREX
FOREX: Westpac note that "other than squaring up a modest short EUR position the
G10 FX model is content to stick with most of the same core bets that have been
in place in recent weeks, namely; long USD and JPY, short AUD and NZD and long
CAD. CAD is now the model's biggest long exposure at +15% of the portfolio.
Canada's negative current account momentum signal is a drag but otherwise Canada
enjoys the strongest combined growth and yield signal (along with the US) in the
G10. There's no let up in the model's caution on AUD and NZD, the portfolio
holding a combined 26% short, with yield, growth and valuation all still
producing firm negative signal scores."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.