eFXnews : The Return Of 'Mad Money': How To Position In FX? - SocGen: "Don’t buy USD vs CAD, AUD or NZD outright until we see US yields move higher (10s above 3%) or unless there is an external shock (another sharp deterioration in data in China). In the meantime, long AUD/NZD is a good way of benefitting from the unwinding of short AUD/USD trades, while selling the most overvalued (on a REER basis) of the higher-beta G10 currencies
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'via Blog this'
