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Broader risk off flows, briefly interrupted...>

FOREX
FOREX: Broader risk off flows, briefly interrupted by Chinese Pres Xi's positive
comments re: trade, were the main theme of today's Asia-Pac session, which
opened with mkts absorbing mixed Brexit headlines from the weekend. Cable has
added ~15 pips to trade at $1.2985, back from the $1.3065 it touched in early
indicative readings. The Times' story claiming PM May has "secured private
concessions from Brussels" initially provided support to GBP, but was countered
by No. 10's denial, as well as reports pointing to UK Brexit Min Raab wanting
the option to pull out of a backstop after 3 months & scepticism from Brussels
re: chances of a deal 
- AUD & NZD posted short-lived upticks on the back of Chinese Pres Xi's remarks
re: opening up of imports. AUD/USD last trades at $0.7192, while NZD/USD sits at
$0.6644, with NZD underperforming as the NZ Tsy highlighted worry re: Biz conf.
Both trade slightly lower vs. the USD. USD/JPY stuck to a tight, 13 pip range. 
- Points of note this week include the RBA, RBNZ & Fed MonPol decisions. Focus
today falls on UK Services PMI with, UK GDP due Friday. The U.S. Mid-term
elections Tuesday will also be closely watched.

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