FXStreet (Bali) - Short EUR remains favoured, in view of Richard Franulovich, FX Strategist at Westpac.

Key Quotes

"Our G10 model has been consistently short EUR all year and approaches September with a decent 17% short position. With the exception of a bullish current account momentum signal - reflecting the region's healthy external balance - all of our signals are uniformly negative EUR including: growth, total yield, long term valuation (both PPP and terms of trade), short term TWI fair value and logic probability."

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