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Friday saw the USD have its first down day....>

FOREX
FOREX: Friday saw the USD have its first down day in four sessions as the DXY
pulled back from the multi-month highs printed on Thursday
- The modest return of risk appetite in Europe and the US helped fuel the
decline in the greenback and JPY, which were the poorest performers of the
session.
- Better data from the UK & Germany helped the EUR and GBP to gain on the final
trading day of the quarter, but most major pairs remained well within recent
ranges.
- Reports suggest that German CSU party member Seehofer has resigned as interior
minister re: disputes with Merkel's CDU over migrants, with other reports
suggesting that it will go to a vote within the CSU. EUR has been volatile in
early dealing.
- CAD has been pressured by lower oil prices, but Crude is well off of lows.
- Focus on Monday falls on Manufacturing PMI data from across the globe after
China's official PMI surveys printed virtually in line with exp. over the
weekend, Japan's Tankan Survey & comments from ECB's Praet.
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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