Free Trial

Westpac's G10 FX model sticks with "a core....>

FOREX
FOREX: Westpac's G10 FX model sticks with "a core USD long (+14% of the
portfolio) and core shorts in AUD and NZD (-12% and -15% of the portfolio
respectively), despite perceptions of an ebbing in global trade tensions and
another benign US average hourly earnings report. The US has the strongest
combined growth and total yield signal (along with Canada), accounting for 50%
of the overall long USD signal and as such the model is content to ride out a
period of healthier risk appetite. Ahead of this week's BoC meeting the model
ups its CAD long to 15% of the portfolio, a firmer total yield signal as CAD-USD
interest rate differentials grind higher the major catalyst."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.