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Thomson Reuters
Jul 26 - 01:24 AM
USD: No Clear S/T Direction On Conflicting Signals On Trade Tensions - Barclays
First appeared on eFXplus on Jul 25 - 04:05 PM

Barclays Research discusses the USD tactical outlook and notes that the recent conflicting signals on global economic data and US-China trade tensions have led to large intraday FX moves but no clear short-term trend.

"Conflicting signals have resulted in large intraday moves but no clear short-term trend, as markets react to a plethora of headlines...

In the near term, we expect this pattern to continue and see no meaningful catalyst for a break of broader recent ranges in G10 FX.

Structurally, however, our thesis of a broad USD outperformance based on growth leadership and superior real returns to capital remains intact," Barclays argues. 

Source:
Barclays Research/Market Commentary

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