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*Correct* (Fed speakers & voting corrected)...>

FOREX
FOREX: *Correct* (Fed speakers & voting corrected) GBP outperformed overnight
with GBPJPY demand into the Tokyo fix noted. GBPUSD last trades 25 pips or so
higher at 1.4265. - Elsewhere JPY managed to shake of the JPY cross demand seen
into the Tokyo fix, printing modest gains vs. USD with USDJPY trading at 107.25
as US stock index futures have moved back from best levels.
- The AUD ran into some DMA resistance and has struggled to garner any fresh
impetus to move higher after running out of steam, AUDUSD trades at 0.7775. NZD
underperformed as AUZNZD added 20 pips to top 1.0570.
- USDCAD operated in a tight range, with Canadian risk events aplenty later in
the week. EURUSD trades 10 pips or so higher at 1.2340, with some EUR 1.52bln
worth of 1.2300-1.2305 option expiries set to roll off at today's NY cut.
- Focus this week turns to US earnings, UK-EU Brexit talks, data in the form of
US retail sales, UK inflation, jobs and retail sales numbers, China GDP, the
Bank of Canada rate decision, Canadian CPI, RBA Minutes, Aussie labour market
report, NZ CPI & Fedspeak; FOMC voter Bostic & non-voters Kaplan & Kashkari are
set to make addresses on Monday.
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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