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-French, Irish and Italian bond markets had...>

FOREX
FOREX: -French, Irish and Italian bond markets had a poor session Tuesday,
France on Macron's new spending promises following domestic protests, Ireland on
their exposure to Brexit and Italy on Rome's newly combative stance against
Brussels on their budget plans. Italy's deputy PM Di Maio took Brussels to task
on France's newly ambitious spending goals - hoping that any lenience toward
Paris will also be applied to Rome. This all filtered through to the EUR, which
is the weakest among G10 today, bringing late November lows in EUR/USD at
$1.1267 into view.
-GBP can't catch a break, and the currency is stronger against only the EUR
today as various sources report PM May could be facing a no confidence from her
own party in coming days. GBP/USD briefly showed below $1.25 for the first time
since April 2017.
-Japanese PPI, Australian consumer confidence, US CPI and Eurozone IP take focus
from here, with ECB's Cos of Spain also due to speak ahead of Thursday's ECB
rate decision.

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