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UBP: G10 currencies set to strengthen against USD

The US dollar index, the DXY, has been trending downwards since peaking in December last year, and UBP believes the greenback will weaken further against G10 currencies, given the relationship between real effective exchange rates and long-term FX trends. Mark McFarland, UBP’s Asia chief economist, comments: “So where do the major currencies stand? The latest figures from the Bank for…

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