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Westpac's G10 FX model "has adopted an........>

FOREX
FOREX: Westpac's G10 FX model "has adopted an aggressive bearish stance on the
USD (-39% of portfolio exposure). Our short term models - total yield and macro
momentum - have turned, with front-end US yields outperforming last week, risk
premia falling across markets and commodities firming. The model continues to
favour CAD in the dollar bloc with a modest 8% long. JPY remains a favoured long
despite surging risk appetite."
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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