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Free AccessA fairly quiet start to the Asia-Pac..........>
FOREX: A fairly quiet start to the Asia-Pac session, as China and Taiwan remain
shuttered for holidays. G10 crosses stick to tight ranges, as participants
ponder the global coronavirus situation. Little in the way of fresh news flow of
note, apart from an unexplained explosion near Tehran & a lead for Joe Biden vs.
Donald Trump in the latest Fox polls. The Antipodeans lag their peers from the
G10 basket, while JPY showed some modest strength earlier. Comments from BoJ's
Kuroda & Adachi and in-line Tokyo CPI were ignored by the yen.
- KRW has firmed up, with USD/KRW falling through the round figure of
KRW1,200.00 & Jun 24 low of KRW1,198.95. South Korea's consumer confidence
improved to 81.8 from 77.6 this month, per the data released this morning.
- U.S. U. of Mich. Survey and personal income/spending, Swedish retail sales, as
well as French and Italian sentiment gauges take focus today.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.