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Antipodean winning streak extends as..........>

FOREX
FOREX: Antipodean winning streak extends as commodities support
-Countering the trend in energy markets, industrial metals steamed higher
Thursday, prompting six year highs in iron ore futures. Markets saw less
restrictive Chinese steel production curbs helping drive demand, underpinning
the uptrend in AUD/USD. The pair spilled back above $0.70 and looks to book its
seventh gain in eight sessions. NOK was at the other end of the table following
dismal retail sales data for May, which fell 0.3ppts below expectations,
although yesterday's highs in USD/NOK never came under any pressure.
-Focus turns to the G20 summit in Osaka, Japan, with bilateral meetings held
between Presidents Trump and Xi and Trump and Putin most carefully watched.
Reports circulated that suggested China were to present Trump's team with a list
of conditions to settle the trade dispute (including the removal of restrictions
on Huawei), but the terms are unlikely to be given the thumbs up by Trump's
team.
-Eurozone CPI data, Canadian GDP and US MNI Chicago PMI take focus Friday. Fed's
Daly is also due to speak just ahead of the market close.

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