Yen Strength Unlikely To Last Despite Investors’ Defensive Stance. A weekly overview of global currency market developments. The report details the past week’s performance of G10 currency pairs and currency baskets, directional model signals for the week ahead, longer-term consensus currency forecasts, futures market positioning data and a macroeconomic commentary on the FX market.
Summary
• Further Euro weakness likely as growth divergence continues
• Another difficult week for GBP
• USD to benefit from solid consumption and production
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