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Healthy risk appetite pressures DXY through...>

FOREX
FOREX: Healthy risk appetite pressures DXY through key support
-Firming expectations of a constructive US-China trade delegation meeting in
early October as well as stellar US non-manufacturing numbers helped underpin
risk appetite throughout the Thursday session. This boosted US equity markets to
the best levels since early August at the expense of US bond markets as US
yields rallied sharply across the curve.
-ISM non-manufacturing data broadly beat expectations, with particular strength
noted in both the new orders and business subcomponents. Employment signals were
more mixed, however, but today's better ADP Employment Change fuel some optimism
for Friday's payrolls release. Better risk appetite pressured JPY and CHF to the
bottom of the pile, while a hawkish Riksbank and soothing Brexit concerns
boosted SEK and GBP respectively.
-August Nonfarm payrolls are expected at 160k, but this whisper number sits
slightly higher than consensus given recent data strength. German industrial
production and the Canadian jobs report are on the docket, as well as a speech
from Fed's Powell at 1730BST/1230ET.

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