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It has been a fairly busy start to the........>

FOREX
FOREX: It has been a fairly busy start to the Asia-Pacific session, with
sterling picking up a bid from the off thanks to the much awaited YouGov poll,
which anticipated a comfortable Tory majority in the next parliament. Although
GBP has pared gains since, JPY has taken the lead among G10 currencies on the
back of risk-off flows seen as U.S. Pres Trump signed the Hong Kong bill. This
prompted China to condemn the bill & reiterate retaliation threats.
- The Antipodeans recovered somewhat after ANZ business confidence survey out of
New Zealand showed improvement. NZD has largely held onto those modest gains.
However, AUD dropped again upon the release of worse than expected domestic
capex data and remains the worst G10 performer.
- CNH took a hit from headlines re: signing the HK bill and remains limited, as
participants are weighing the implications for U.S.-China trade talks.
- USD has faded a tad with the U.S. celebrating Thanksgiving today.
- Looking into the calendar, German regional and national CPIs, EZ consumer/biz.
confidence and Swedish retail sales are due today. Speeches are scheduled from
ECB's Villeroy, de Cos, Coeure and Lane.

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