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G10 FX tracked fluctuations in broader risk...>

FOREX
FOREX: G10 FX tracked fluctuations in broader risk appetite, with U.S. equity
index futures making a round trip from negative territory. USD/JPY bounced from
yesterday's low and inched higher as Japan returned from Golden Week holidays.
Sterling is the worst performer in the G10 basket, as participants await a
monetary policy decision from the BoE, due in the London morning. Norges Bank is
also set to make a rate decision. Headline flow has been light thus far.
- USD/MXN firmed up early on as a broader defensive feel carried over into the
Asia-Pac session, while DBRS Morningstar downgraded Mexico to BBB, keeping trend
assessment at negative. The rate has erased most of those gains amid a recovery
in risk appetite.
- Trade data for China and Australia, Chinese Caixin Services/Composite PMIs,
U.S. initial jobless claims, as well as German and French industrial outputs
take focus from here. ECB's Lagarde & de Guindos, Fed's Bostic, Kashkari and
Harker, Riksbank's Floden and BoE's Bailey figure on the speaker slate.

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