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G10 FX trade remains limited ahead of the.....>

FOREX
FOREX: G10 FX trade remains limited ahead of the BoJ MonPol decision, with
Australia & New Zealand observing the ANZAC day holiday. The Asia-Pacific region
is digesting the latest bout of USD strength, ahead of key U.S. risk events,
with durable goods data due later today, and advance GDP due Friday.
- KRW has been the big mover, with GDP unexpectedly contracting in Q/Q terms,
with the metric printing at the lowest level since 2008 in the process. BoK
officials were quick to note that the latest round of BoK forecasts reflected Q1
GDP, and there is no need to be too pessimistic on the economy yet.
- The aforementioned BoJ MonPol decision provides the headline risk during the
remainder of the session.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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