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Friday provided a dull finish to the week,....>

FOREX
FOREX: Friday provided a dull finish to the week, but the dollar was the clear
winner over the course of 5 days of dealing, USDJPY crossed back below 111.00
after a brief look above at the NY crossover.
- The CAD underperformed on the back of a weaker set of CPI figures, prompting
USDCAD to briefly break back above 1.2900 for the first time since Tuesday.
- NZD has softened in lieu of a softer than expected NZ retail sales print in
early dealing, while the majors have largely ignored the latest round of trade
war headlines from the weekend. The US placed tariffs on Chinese goods "on hold"
after China pledged to significantly boost its purchases of US goods, with a US
delegation set to visit China to discuss trade matters.
- Widespread European holidays (although no notable market closures) come in the
form of the Whit Monday holiday today.
- The most notable risk events on Monday come in the form of central bank speak
through ECB's Nowotny & Fed's Bostic, Harker & Kashkari.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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