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FX price action in the first half of..........>

FOREX: FX price action in the first half of today's Asia-Pac session has largely
been driven by risk-on flows triggered by positive signals re: Sino-U.S. trade
relations, including the BBG source report, which suggested that "Pres Trump is
increasingly eager to strike a deal with China soon in an effort to perk up
financial markets that have slumped on concerns over the trade war, according to
people familiar with internal White House deliberations." As a result, the
Antipodeans were lifted higher against their G10 peers, although AUD gains were
tempered by a soft AU building approvals print. 
- CAD remains strong, as oil extends its recent rally, with WTI moving above
$50/barrel & bearish momentum in USD/CAD gaining further traction. 
- JPY struggles against the risk-on backdrop. USD finds itself at the bottom of
the G10 pile, with DXY currently sitting at ~95.80. 
- FOMC meeting minutes & the BoC rate decision headline today's docket, while
key data releases include German trade balance & EZ unemployment. Elsewhere,
Fed's Bostic, Evans & Rosengren, as well as BoE Gov Carney will speak. Focus
will also fall on the Riksbank's Dec meeting minutes.

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