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G10 FX crosses respected fairly narrow........>

FOREX
FOREX: G10 FX crosses respected fairly narrow ranges overnight, while risk
appetite struggled for clear direction.
- A combination of the APRA's suggestion that it considers raising capital
requirements on some financial institutions wounded the Antipodeans, before
further pressure came from a NYT story noting that the U.S. weighs what amounts
to blacklisting China's Hikvision. NZD ended up as the worst G10 performer, with
NZD/USD touching new YtD lows.
- GBP marginally outperformed, but still traded far from yesterday's highs.
- Fed's Bullard said that the FOMC might have "slightly overdone it" by
delivering a rate hike in December, while BoJ's Harada noted that the planned
sales tax hike could push Japanese economy into recession.
- UK inflation data, Canadian retail sales and the latest FOMC meeting minutes
take focus today. Comments from ECB's Draghi, Visco & Praet, Fed's Bullard,
Wiliams and Bostic will also provide interest, while the Riksbank will publish
its Financial Stability Report.

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