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Aug 05 - 10:55 AM

G10: Staying Short EUR/GBP, AUD/NZD And EUR/JPY - SocGen

By eFXdata  —  Aug 05 - 09:30 AM

Societe Generale Research summarizes its tactical bias in G10.

"EUR/GBP looks ready to push below 0.85, just as AUD/NZD looks ready to push towards parity now 1.05 has broken. EUR/JPY on the other hand, has frustratingly run out of downward momentum again," SocGen notes. 

"As Treasury yields find a base, there’s less to help it lower and yet. In favour of sticking with EUR/JPY shorts. Patience will pay off eventually," SocGen adds. 

Source:
Société Générale Research/Market Commentary

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