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Westpac's G10 FX model "ditches some of its...>

FOREX
FOREX: Westpac's G10 FX model "ditches some of its caution toward AUD and NZD,
trimming shorts in both for the week ahead, lower global risk premiums are part
of the story, along with a stabilisation in yield spreads in recent sessions.
Strong US jobs data last week and higher US yields see the model lift its USD
exposure yet further, to 30% from 20%. The low yielding European currencies;
EUR, CHF and SEK make room for the increased USD long."
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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