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Focus on G20 Summit ahead of month-end. -.....>

FOREX
FOREX: Focus on G20 Summit ahead of month-end.
- With main focus on the G20 summit, FX markets have remained calm with moderate
dollar selling seen across the board.
- The release of strong French CPI data boosted EURUSD in early Europe. EZ
headline CPI came in-line, Core improved by 0.1% but saw limited react. Rate is
seen approaching the $1.14 level which has so far proved hard to overcome.
- GBPUSD squeezed higher after the release of in-line UK GDP data, but still
remains confined to a narrow 25 pip range. Talk of month-end corporate demand
lifted EURGBP to multi-month highs of Gbp0.8992, before fading. Traders have
reported of protection ahead of the psychological Gbp0.90 level. 
- Risk improved following President Trump's early trade remarks that said
"ultimately it will work out." AUDJPY touched session highs of Y75.59 on react.
- NZDUSD marched higher and is looking to post its tenth straight session of
gains. Having previously cleared the double-bottom neckline and closed above the
100-dma. Bulls focus turns to the 50% fibo & 200-dma at $0.6710/11.
- Month-end bank models have suggested strong dollar sales today.    

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