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Early Asia-Pac trade has been subdued so......>

FOREX
FOREX: Early Asia-Pac trade has been subdued so far, as the dust has settled
after yesterday's reaction to the weekend news re: attack on Saudi oil
facilities. JPY narrowly leads gains among the G10 currencies, having
appreciated a touch at the Tokyo equity open as the Nikkei 225 softened after
local long-weekend holidays, absorbing the risk-off mood that characterised the
start to the week. AUD, NZD & GBP sit at the bottom of the G10 pile.
- Price action across the EMFX space has been pretty uneventful as well, with
USD/KRW advancing somewhat, albeit still falling short of covering the gap
opened yesterday.
- A minor downtick in Westpac Consumer Confidence Index for Q3 out of New
Zealand has been shrugged off by the kiwi. In news headlines, U.S. Pres Trump
informed that his administration reached an initial trade agreement with Japan.
- Notable data releases scheduled for today include German ZEW survey, U.S.
industrial output, Swedish unemployment and Canadian manufacturing sales. The
RBA and Riksbank will publish the minutes from their latest MonPol meetings.
ECB's Villeroy, Lane and Coeure figure on the central bank speaker's list.

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