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Westpac's G10 FX model notes that "despite....>

FOREX
FOREX: Westpac's G10 FX model notes that "despite a solid jobs report the model
opens a 15% USD short, a material decline in our total yield signal for the USD
the main catalyst after last week's dovish Fed message. The model trims its NZD
short down to single digits (-6%), a stronger NZD total yield signal following
last week's firmer NZ CPI the key catalyst. The model's aggressive posture on
the Scandi extends further, the model upping its NOK long to an outsized 32% and
its SEK short to -31%."
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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