The markets' reaction to the latest Fed words suggest that the dollar weakness against most G10 FX seen since late May was a position unwind, rather than a harbinger of things to come, says Deutsche Bank. "Indeed, the dollar has rallied against all G10 currencies since the FOMC meeting, and in most cases the size of the rally has been proportionate to the size of dollar weakness seen before. European currencies should therefore start to weaken against the dollar," DB adds. Morover, DB notices another bearish factor for EUR/USD is that its Euro-area data surprises index appears to be running close to its recent ... (full story)