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Continues to be a very tame session for the...>

FOREX
FOREX: Continues to be a very tame session for the major currency pairs, with a
lack of notable catalysts evident thus far as traders eye the exit ahead of the
festive season.
- The major G10 crosses remain hemmed in tight ranges.
- USD/CNH has ticked back above CNH7.00, aided by unchanged LPR fixings.
- Elsewhere, USD/MXN has ticked away from the early Asia lows, last up 175 pips,
with some U.S. officials expressing doubt over the Mexico's ability to deliver
on areas prescribed under USMCA. The most notable of these being Richard Trumka,
the head of the largest federation of U.S. unions, who told RTRS that "he
remained sceptical that Mexico - a low-wage country compared with the United
States - would implement the labour reforms it has promised."
- The latest U.S. Democratic presidential debate is ongoing.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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