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Westpac's G10 FX model highlights that........>

FOREX
FOREX: Westpac's G10 FX model highlights that "firmer US yields, boosted by
strong US payrolls and receding Eurozone peripheral risks wash through our total
yield and logit based short term macro momentum signals, lifting the model's
long USD exposure from 7% to 21% this week. EUR, AUD and CAD bear the brunt of
the model's increased appetite for USD, the model raising its AUD and EUR shorts
from mid-single digits to 17% and 15% respectively and walking back a sizeable
CAD long approaching 20% of the portfolio to neutral."
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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