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Westpac's G10 FX model "returns to a long.....>

FOREX
FOREX: Westpac's G10 FX model "returns to a long USD exposure for the week ahead
(+12%), a stronger total yield signal the main catalyst, reflecting a trimming
of Fed rate cut expectations in the wake of Powell's comments that low inflation
is mostly transitory. The modest EUR and JPY longs are trimmed to make room for
the USD long. Into this week's crucial RBA and RBNZ meetings the model remains
short AUD and NZD, though materially more so the latter.!
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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