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EUR/USD closed sub-$1.14, post-ECB rate.......>

FOREX
FOREX: EUR/USD closed sub-$1.14, post-ECB rate decision despite Draghi and the
Governing Council revealing little new clues or policy developments in the press
conference.
- GBP was particularly weak from the off, with a late BBG headline noting that
Brexit talks on hold with UK PM May's team in disagreement. This added further
pressure to GBP, EUR/GBP touched the 100-DMA (GBP0.8882), while GBP/USD had a
brief look below $1.2800 on the headline.
- JPY had little reaction to the fall in U.S. equity index futures after the
cash close (post Amazon & Alphabet earnings).
- AUD gained against all others in G10, continuing to defy those who are looking
for AUD/USD to break below the year's worst levels of $0.7041.
- USD/CNH rallied to touch a fresh multi-year high of CNH6.9669.
- U.S. GDP provides the data highlight Friday, while Fed's Mester, ECB's Draghi
and Coeure are also due to speak.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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