Credit Agricole's latest G10 FX PIX 2.0 model indicates significant shifts in currency positioning. The EUR is now deemed oversold, while the CHF has turned overbought. These findings are based on recent IMM flow data and overall market sentiment.Key Points:G10 FX PIX 2.0 Model Insights:The model shows GBP, CHF, and NZD as overbought.The EUR is identified as oversold.EUR Positioning:Recent selling pressure on the EUR has primarily been driven by IMM flows.FX flow data indicates inflows from banks, corporates, and hedge funds.Real money investors have been net sellers of the EUR.Overall, the EUR has moved into oversold territory.CHF Positioning:The CHF experienced buying interest, predominant
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