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FOREX
FOREX: -After proving relatively resilient against torrid weekend headlines, GBP
succumbed to pressure in the US session as markets continue to kick back on
expectations that the UK and EU will reach an agreement that satisfies all sides
any time soon. GBP/USD confirmed a fall through the $1.3009 50-dma and touched
the lowest levels since October 4th on the move. A late-in-the-day speech from
PM May failed to prop up any confidence and GBP is the worst performer in G10 as
a result.
-Despite recouping much of the politics-inspired losses dealt in the Asia-Pac
session by Europe's mid-morning, AUD/USD resumed the decline into the Monday
close, bringing AUD/USD well within 40 pips of the YTD lows.
-The USD index benefitted from broader sour risk sentiment, bringing the DXY
within 1% of the year's best levels up at 96.984.
-RBA's Debelle and Bullock are due to speak Tuesday, with BoE's Haldane and
Carney, Fed's Kashkari, Bostic and Kaplan also up. Data is light once more, with
just Eurozone Consumer Confidence and US Richmond Fed Manufacturing up Tuesday.

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