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Service PMI Slide Helps Fed Terminal Rate Tumble

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FOREX: FOREX: A quiet FX session, as we start a week that will be most likely be
driven by headlines, given little on the data front 
-Risk is the driver following the continued concerns on trade and Tariffs due to
hit this coming Sunday. 
-USDJPY is lower, driven by lower US yields, in turn keeping EQ lower, favouring
ccy like the CHF, 
-The Antipodeans declined after Chinese trade data (from over the weekend)
revealed that trade surplus shrank in Nov 
-CNH saw continuation this morning and stayed weaker, also weighed by
uncertainty in trade. 
- AUD and NZD followed suit for the same reasons, but are off the worst day
levels at the time of typing. 
-GBP is off its latest highs against the greenback, with all the focus on the UK
-All the latest polls giving a lead to Boris Johnson. -Odds of a UK Government
majority now sits at 80%.

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