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Westpac's G10 FX model "expands its AUD.......>

FOREX
FOREX: Westpac's G10 FX model "expands its AUD short this week to 13%, a weaker
yield and growth signal the key catalysts. The AU-US 2yr bond spread hit its
lowest levels (-106bp) in twenty-two years last week. The model continues to
find CAD relatively more attractive than AUD and NZD, healthier growth trends in
Canada and a relatively more stable rate outlook the key to the model's
preference for CAD. Among the majors the model retains EUR and JPY longs and
holds onto a small USD short for yet another week."
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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