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Antipodeans Gain, JPY Brings Up The Rear

FOREX

The Antipodeans are the best performers in G10 FX space this morning. NZD leads gains with a contact flagging demand for the kiwi from accounts outside of Australia & New Zealand. The currency has paid little attention to a slight deterioration in the final reading of ANZ Business Confidence for Sep.

  • JPY has landed at the bottom of the G10 scoreboard, extending losses ahead of the Tokyo fix as we are nearing the end of the month, quarter and Japanese half-FY. AUD/JPY trades above yesterday's high, consolidating above its 100-DMA.
  • USD has been relatively stable in the lead-up to the first U.S. presidential debate in 2020, which kicks off at the top of the hour.
  • USD/CNH has edged higher ahead of the imminent release of Chinese PMI figures and the daily PBoC fix.
  • South Korea observes a national holiday today.
  • Focus turns to Chinese official PMIs & Caixin M'fing PMI, final UK GDP, German unemployment, flash French & Italian CPIs, as well as comments from Fed's Kashkari, Bowman & Bullard, ECB's Lagarde, Lane, Muller, Kazimir & Rehn, BoE's Haldane & Riksbank's Jansson.

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