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Antipodean FX rules the roost with AUD, NZD...>

FOREX
FOREX: Antipodean FX rules the roost with AUD, NZD on top, USD lagging
-AUD trades higher against all other G10 FX with strong domestic consumer
confidence as well as better Chinese industrial production numbers helping lift
sentiment. The risk trade is filtering through to the NZD too, which is adding
to this week's gains.
-The USD is finding little respite given the political uncertainty in Washington
and markets will be watching this afternoon's retail sales figure for any fresh
direction.
-Implied vols are generally moving higher, with USDJPY 1m risk reversals
trimming the impressive rally seen since mid-Feb as upside JPY protection demand
begins to recover after being squashed during the risk recovery in late
February.
-CHF and GBP are the poorest performers despite GBP/USD breaking out of the
descending trend channel yesterday as investors take profit on recent long
GBP/USD trade.
-Slew of ECB speakers today as well as key US retail sales numbers take focus.

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