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

FOREX
FOREX: Westpac's G10 FX model highlights that "the relatively stronger growth
and yield qualities of the US, Canada and the UK continue to compel the model to
hold outsized long positions in the USD, CAD and GBP. Last week's sharp jump in
iron ore prices sees the model scale back its AUD short to neutral. The model's
caution on EUR continues to grow, via our short term logit based macro momentum
model; the renewed widening in Italian sovereign spreads and underperformance in
Eurozone equities the key catalyst."
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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