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GBP gains and NZD wanes in quiet Friday.......>

FOREX
FOREX: GBP gains and NZD wanes in quiet Friday morning
-With little data or newsflow, GBP outperforms, rising to the top of the G10
pile as markets take profit on the GBP/USD decline from last Friday (GBP/USD
still down over 1.2% over the past seven days). Both the EUR and JPY trade with
little direction (although both lower against the USD) with today's session
appearing more reflective than reactive.
-SEK's the poorest performer in G10, with EUR/SEK rising to the highest in 15
months as the Riksbank minutes highlighted a board concerned by the downside
risks to inflation despite some members voting for a hike at the last meeting.
Should EUR/SEK top SEK10.0833, it would mark the highest rate since early 2010.
-NZD/USD dropped to the weakest levels since mid-Feb as large, lumpy sell orders
in the Asia session dented NZD against both the AUD and USD, but the 50DMA lies
just below at $0.7230.
-Rest of the session is quiet with just Canadian CPI due, but the 2018 Fed
MonPol Report, speeches from BoE's Ramsden, Fed's Dudley, Rosengren, Mester &
Williams and ECB's Coeure could illicit interest.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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