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Westpac's G10 FX model has trimmed its........>

FOREX
FOREX: Westpac's G10 FX model has trimmed its overweight USD exposure, "leaving
it at a still large 36%. The strongest growth and yield signal in the G10
account for the bulk of the ongoing bullish USD stance (see over). Against that
our short term fair value signal turned a touch more negative, driving the model
to slightly trim USD longs. Our dollar bloc signals have come into sharper focus
this week, the model turning more negative on AUD and NZD and increasing its CAD
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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