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GBPUSD ran to fresh post-Brexit highs in......>

FOREX
FOREX: GBPUSD ran to fresh post-Brexit highs in early Asia-Pacific trade topping
out at 1.4354, last dealing at ~1.4340.
- USDJPY has a brief look below 107.00, but bears couldn't gain a foothold below
the figure, with the cross last trading back at ~107.05. EURUSD stuck to a tight
range.
- The commodity currencies took a hit, despite Chinese GDP meeting exp. & the
RBA minutes revealing little in the way of fresh information. AUDUSD gave back
around 15 pips to trade at 0.7765 last, as the cross ran out of steam in front
of the 55-DMA. NZDUSD softened alongside AUDUSD to last trade at ~0.7350. The
IMF's latest Article IV on NZ noted that it sees NZ growth remaining around 3.0%
(although it did highlight downside risks over the medium term), with the Fund
deeming the RBNZ's MonPol "appropriately expansionary". USDCAD last trades 10
pips or so higher at 1.2575.
- UK labour market data & the German ZEW survey present the risk events on
Tuesday morning, with Fed voters Quarles, Williams & Bostic set to speak, in
addition to addresses from non-voters Evans & Harker.
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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