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G10 FX are happy to hold relatively tight.....>

FOREX
FOREX: G10 FX are happy to hold relatively tight ranges, with mild risk-on flows
creeping in despite the absence of any major fresh catalysts. AUD outperforms at
the margin, while USD and JPY keep struggling.
- Firmer sentiment and North Korea's backpedalling on some of its earlier
threats has lent a helping hand to KRW, albeit the won's move has been fairly
shallow.
- The PBoC fixed its central USD/CNY mid-point at CNY7.0555, below the BBG
estimate of CNY7.0585.
- German Ifo Survey and speeches from ECB's Lane and Fed's Bullard & Evans take
focus today. Monetary policy decisions from the RBNZ & BoT are also due.

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