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Forex majors continue to reflect more risk positive positioning
As positive newsflow on the trade dispute continues to drip feed the improvement in market sentiment, traders continue to move away from their safe haven positioning. Nowhere is this more evident than in the bond markets where Treasury yields continue to climb higher. The US 10 year yield is now up over 1.70% (at four week highs), having added around 30bps in September. The positive sentiment is reflected in forex markets which continue to shun the Japanese yen in favour of more riskier positioning such as the Australian dollar and sterling, the latter helped by reduced expectation of a “hard” Brexit. We are ... (full story)
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