Global FX: G10 Central Bank Meetings and Read-Across for Currencies

• Dollar long positions have been reduced by 40% since the end of May, leading to a weakening dollar and higher US yields
• Market focus is shifting to the US with upcoming events like payrolls, CPI, and FOMC meeting, where inflation and Fed projections will be key factors in determining FX trades
• Potential for changes in Fed's dot projections and neutral rate could also impact market reactions to FOMC meeting outcomes

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