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Familiar themes, familiar ranges - Equities...>

FOREX
FOREX: Familiar themes, familiar ranges
- Equities sit in minor positive territory early Tuesday, with European indices
higher by between 0.5 and 1.0%. Newsflow and tier 1 data releases have been
relatively few and far between, with global trade sentiment still the driver.
Havens sit somewhat lower given the positive equity backdrop, helping USD/JPY
bounce off the overnight lows of Y108.46 and keeping CHF at the bottom of the
G10 pile.
- AUD underperformed, following the release of the minutes from the RBA's Nov
policy meeting. The document revealed that members "agreed that a case could be
made to ease monetary policy," even as they decided to stay their hands this
time. A spill-over damaged NZD to a degree. AUD/USD edged lower to $0.6785 but
markets have since recovered.
- Canadian house price data and US housing starts/building permits are the
highlights during the US session. Speeches are due from Fed's Williams and BoC's
Wilkins. The leadership debate between PM Johnson and Labour leader Corbyn is
also up at 2000GMT/1500ET.

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