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Consolidation was the main theme of today's...>

FOREX
FOREX: Consolidation was the main theme of today's Asia-Pacific session, which
saw the majors sticking to fairly narrow ranges as markets calmed down in the
absence of key data releases & limited news flow. 
- The Antipodeans extended their gains into Asia-Pac dealing after AUD & NZD
garnered some strength Tuesday on the back of rhetoric from China and the U.S.
striking an optimistic tone ahead of the Trump-Xi meeting on the sidelines of
weekend's G20 summit. Poor Aussie construction figures weighed on AUD in early
Asia-Pac trade, but this proved short-lived. AUD/USD & AUD/NZD are marginally
off of session highs, while AUD/NZD sits at NZ$1.0646 at writing.
- Meanwhile, CAD has underperformed modestly overnight, although WTI prices
traded a touch higher on the day, while sterling consolidated after yesterday's
slump, but remained fragile. 
- The greenback lost steam since yesterday and was rather stable overnight. 
- Focus today turns to BoE stress test results & U.S. GDP, as well as UK gov't &
the BoE publishing their economic analyses of Brexit scenarios. Elsewhere, Fed
Chief Powell is due to speak.

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