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Westpac's G10 FX model "lurches back into.....>

FOREX
FOREX: Westpac's G10 FX model "lurches back into USD longs after a few weeks
equivocating with a neutral exposure. For the week ahead the model is long +22%.
A sharp lift in the USD's already healthy yield attractions has been the main
catalyst, boosting both our logit based macro momentum signal and our total
yield signal. The model finally quits its AUD short position, a strengthening
growth signal in the wake of last week's sharp fall in the unemployment rate
from 5.3% to 5.0% the main catalyst. The model also cools on NZD shorts,
trimming its exposure in half, the stronger than expected Q3 CPI figures the
main 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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