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Westpac's G10 FX model re-enters "USD.........>

FOREX
FOREX: Westpac's G10 FX model re-enters "USD shorts, albeit modest at 8% of the
portfolio. The model maintains a modest AUD long exposure for another week
though unexpectedly, Australia's strong external accounts and low global
volatility account for the bulk of the long signal; Australia's growth and yield
signal both remain negative. NZD remains out of favour as has been the case for
much of this year. The NOK/SEK long remains in place too - another "structural"
position that has been in place for much of the year."
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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