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Friday's focus fell on the US' May labour.....>

FOREX
FOREX: Friday's focus fell on the US' May labour market report, which was solid
across the board. There was just as much focus on a tweet by US President Trump
noting that he was "looking forward to seeing the employment numbers." This
triggered debate over whether Trump had telegraphed the release.
- The DXY squeezed to highs following the ISM manufacturing survey, with light
profit taking seen thereafter.
- Commodity currencies continued to struggle amid softer oil prices and the
implementation of the US metal tariffs.
- Asia holds a thin docket today, with focus on Aussie retail sales data & Q1
GDP inputs. Elsewhere participants will look to the BoJ's Rinban operations
after the BoJ trimmed its 5-10 Year purchases on Friday.
- It is also worth noting that New Zealand is out on holiday so liquidity is
thinner than usual at this time.
- The FOMC is now in the "blackout period" ahead of next week's MonPol decision.
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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