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FOREX: Activity has been a little bit subdued so far, with no sharp price swings
spotted in G10 FX space. JPY, AUD & GBP are softer, albeit by a very narrow
margin. USD/JPY briefly showed above yesterday's highs, but has pared gains
since. USD/CNH has crept higher in the run-up to the release of China's monthly
economic activity indicators, scheduled for the top of the hour. USD/MXN has
ticked away from yesterday's lows, printed in the wake of Banxico's monetary
- U.S. industrial output, advance retail sales, Empire M'fing and flash U. of
Mich. Survey, final CPIs from France and Italy, flash EZ & German GDPs, as well
as EZ trade balance headline today's data docket.