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DXY resilient as EUR, GBP strength abates.....>

FOREX
FOREX: DXY resilient as EUR, GBP strength abates
-Those expecting a further drop in the dollar following the verdicts against
Trump's former lawyer and former campaign manager yesterday will have been
disappointed with the price action this morning as the DXY managed to claw back
a large portion of yesterday's losses as the 50-dma (currently at 95.008)
provided support.
-Elsewhere in G10, price action has favoured CAD following Politico reports
overnight suggesting that Trump could announce a 'handshake' NAFTA deal as soon
as Thursday. As a result, USD/CAD re-targets the C$1.2984 100-dma for
confirmation of any move lower.
-GBP/USD's rally cooled somewhat, but the bullish reversal remain in place.
Yesterday's comments from Brexit Secretary Raab unsettled confidence as he
highlighted the significant work still required before any EU-UK trade deal.
-AUD/NZD slipped overnight, with strong NZ retail sales helping the move,
resulting in AUD slipping to the bottom of the G10 table today.
-Fed minutes and Canadian retail sales are the highlights of the calendar today.

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