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Another hectic day for currencies, as the.....>

FOREX
FOREX: Another hectic day for currencies, as the dollar continued to gain ground
on the back of strong US GDP data. The dollar briefly pared back some of its
gains as BBG reported that sources had said that Trump was leaning towards
Powell for Fed chair. However the move was short lived as Catalan declared
independence.
- AUD:  The release of strong US GDP data triggered renewed dollar demand with
Aussie dropping to $0.7625 and a re-test of the Asia low. Spiked to fresh daily
highs of $0.7672 on react to the bbg headline that said Trump is to lean toward
Powell as next Fed Chair. The greenback pared back its losses and remained in
consolidation mode.
- Yen: Spiked to Y114.45 after the release of stronger-than-expected
headline and component US GDP data. Eur/yen supply in reaction to Catalan, took
the rate to session lows of Y113.71 before US Tsys yields bounced pushing rate
over Y114.00.
- EUR: The euro felt pressure for the majority of the session following dovish
ECB yesterday, strong US GDP and concerns over Catalan printing lows of $1.1575.

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