The following are the latest signals from BNP Paribas FX Momentum which measures the strength of a currency's trend based on FX price action, rates and equities.
"The USD's bullish momentum remains strong with a score of +63. All components of our momentum indicator - FX, rates and equities - have moved in favour of the USD in recent weeks.
On a currency pair basis, the strongest momentum signals are bullish USDCHF and USDNOK and bearish GBPNOK and GBPCHF ," BNPP notes.
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