BNP Paribas favors USD shorts into December FOMC, which the bank says will likely set the dollar tone over the medium term. BNPP took a long AUD/USD position at 1.0390 last week, looking for 1.0850, and sees limited downside for EUR/USD despite continued uncertainty over Greece. EUR/USD now at 1.29, AUD/USD at 1.0440.
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