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Westpac's G10 FX model "cools once again on...>

FOREX
FOREX: Westpac's G10 FX model "cools once again on AUD, upping its short to a
more notable 13% of the portfolio, higher risk premiums in global markets of
late a key driver. The model continues with a cautious stance on NZD too,
despite the resilient price action of the currency. After the BoC's more
cautious signal last week our CAD total yield signal turned negative but a still
decent growth signal keeps the model from opening a meaningful CAD short. Among
the majors the model sticks with outsized JPY longs (24%) and a modest USD long
(9%)."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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