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A quiet affair in Asia with flows thin........>

FOREX
FOREX: A quiet affair in Asia with flows thin ahead of the key US NFP data at
1330GMT. The US dollar was the driver of the majority of price action, catching
a bid on some political optimism. US President Trump announced plans for an
infrastructure plan in January and the Senate passed a temporary spending bill
to fund the government to Dec 22. The impending year end has also increased US
dollar demand for funding requirements which has seen USD/JPY basis swaps
decline 21bp in the past week and helped support the dollar. USD/JPY has built
on the gains made in Thursday's session, last up 25 pips at 113.33.
- AUD/USD was pushed lower at the start of trade by the stronger US dollar but
the pair managed to hold above the 0.75 handle. After hitting a session low at
0.7502 the pair bounced after strong China Trade data, both imports and exports
rose above estimates, the pair last trades up 3 pips at 0.7514.
- Sterling strengthened in the session, again political optimism the main
driver. Cable last trades up 14 pips at 1.3489 following reports that May nears
an agreement on the withdrawal bill that will satisfy both the EU and the DUP.
May and Juncker are said to holding a presser at 0630GMT.

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