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Fun at the fix - The much-watched April.......>

FOREX
FOREX: Fun at the fix
- The much-watched April month-end fix delivered in spades Thursday, with
markets following through on signals that suggested the USD would be sold vs.
G10. Just ahead of the fix, GBP/USD and EUR/USD printed session highs, although
the JPY was sold in size also, helping EUR/JPY and USD/JPY snap recent
downtrends.
- The ECB decision came and went with relatively little fanfare, there were some
tweaks to existing programmes but markets welcomed the announcement of special
pandemic-targeting loads dubbed 'PELTROs'. CNH was lively at the European close
as the Washington Post released a story confirming that  Trump is looking at
ways to take retaliatory action against China for allegedly mishandling the
initial Coronavirus outbreak. USD/CNH rallied above 7.08 in response.
- May Day celebrations in continental Europe keep a number of markets closed and
will likely have a dampening effect on volumes and liquidity. US ISM
Manufacturing data for April is the calendar highlight, but there are also final
manufacturing PMIs from US, Australia and UK.

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