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DXY Directionless -DXY trades largely flat....>

FOREX
FOREX: DXY Directionless
-DXY trades largely flat after receiving a modicum of support during the
Asia-Pac session. Headlines suggesting further disharmony among UK Parliament
towards Brexit generally weighed on sterling, but much of these losses were
recouped ahead of the NY crossover despite a poorer than expected turnout at UK
retail sales numbers (although poor headline figures were countered by strong
revisions).
-Antipodean FX trades well, with AUD and NZD at the upper end of the table so
far this morning. AUD/USD eyes a firm break above $0.7150 before challenging
yesterday's highs at $0.7160 and the 50-dma at $0.7209. CAD has been less
fortunate, with the lack of a recovery in oil prices lifting USD/CAD back toward
the 100-dma at C$1.3065.
-EUR has been somewhat supported by a more favourable reception for the Italian
budget. A French official noted that they're not worried about the plans.
-Weekly US jobs numbers are the data highlight, with ECB's Nowotny and Fed's
Bullard and Quarles also due to speak.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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