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FOREX SUMMARY: European open, started with....>

FOREX
FOREX: FOREX SUMMARY: European open, started with a Risk on tone, and USD was
once again better offered during our open. 
-USD is underperforming against most major, beside the the JPY, with the latter
taking its cue for US yields. 
-EUR benefited from the weaker USD, but also from overnight talks, that
Christine Lagarde welcomed a proposed 500-billion euro plan, plus some positive
news out of Italy, that the country will be able to guarantee bonds issued by
domestic banks for an overall amount of up to 19 billion euros to preserve
financial stability, 
-EURUSD is up 0.35% on in early trading.
-AUDUSD reverses early losses, following Trade concerns between Australia and
China, and the currency is taking its cue from the USD underperformance. 
-ZAR saw another day of decent gains for the for the currency on better Risk
aversion.
 -CEE FX and Scandie saw similar strengthening in early trading, on the more
positive news, and more positive factors, and stimulus.

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