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Escalating trade tensions has seen the June...>

FOREX
FOREX: Escalating trade tensions has seen the June seasonal weaker USD theme
against a basket of currencies blow out. As USD momentum builds on approach to
quarter-end, we have noticed a stronger theme develop. NZDUSD is set to register
its biggest quarterly fall since Q2 2015 with losses of 6.59%. GBPUSD its
biggest fall since Q2 2016 with losses of 6.71%. EURUSD (-6.02%), AUDUSD
(-4.40%) and Gold (-5.51%) are all set to register their biggest losses since Q4
2016. With China FX particularly weak and USDCNH registering 11 consecutive
sessions of gains, it's no surprise that USDCNH is on course to register a
record 5.81% quarterly loss. 

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