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CNY weak again, EUR treading water pre-ECB....>

FOREX
FOREX: CNY weak again, EUR treading water pre-ECB
-CNH slumped further after a particularly poor Wednesday (triggered by an MNI
interview citing an official as saying Chinese authorities are more willing to
allow USD/CNY to slide to 7.00 as soon as the end of this year. USD/CNH rally
topped out at Cnh6.9669, the highest rate since early January 2017.
-NZD is the poorest performer in G10 Thursday, but falls are limited, with price
action among G10 FX far more contained than previous sessions this week. NZD/USD
has sold off for the past four consecutive sessions, with the recent recovery
topping out at $0.6618.
-EUR treads water ahead of the ECB decision and presser later today, but remains
in close proximity to yesterday's lows of $1.1379. Nonetheless, markets keep an
eye not just on Draghi and Co later today, but also US equity performance after
the stark sell-off in US stock markets further dented October performance.
-Outside of the ECB rate decision (1245BST) and press conference (1330BST), US
durable goods orders and weekly jobless claims numbers are due, Fed's Clarida is
due to speak on the economic outlook.

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