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EUR recovers as Italy nears agreement with....>

FOREX
FOREX: EUR recovers as Italy nears agreement with Brussels
-Reports in Corriere della Sera suggesting Italy's government have made
concessions in order to reach a middle-ground with Brussels in deficit talks
helped alleviate some of the pressure on Italian equities and bonds this
morning, allowing yields to pullback from multi-year highs across the curve.
This helped underpin the EUR from the off, lifting the likes of EUR/JPY back
toward yesterday's highs. The news further pressured the DXY, which trades just
above the 95.115 50-dma.
-GBP/USD recovered back above the $1.30 mark, but is yet to touch yesterday's
highs as the pair appeared oversold yesterday. UK PM May speaks to the
Conservative Party Conference ahead of NY open.
-Antipodean FX suffers, sitting at the bottom of the G10 FX table with AUD/USD
continuing to look technically weak on a daily chart. Rate sits just 75 pips
from the year's $0.7085 lows.
-US ADP Employment Change, ISM non-manufacturing and a litany of Fed speakers
(including Fed President Powell) are the calendar highlights.

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