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It has been a limited session for G10 FX,.....>

FOREX
FOREX: It has been a limited session for G10 FX, with the majors trading either
side of unch. vs. the USD in the main. The most notable move came in USD/CAD
which fell after a G&M report suggested that Canada is ready to make NAFTA
concessions re: dairy, highlighting that Ottawa is aiming to protect dispute
resolution, cultural industries & generic drugs. The pair trades below the May
23 high, with bears focusing on the 200-DMA (C$1.2843). MXN also gained.
- A BBG report applied some brief pressure to GBP, as the article suggested that
people familiar with Brexit matters have noted that British & EU off'ls now see
mid-Nov as the new deal deadline, similar to recent reports made in the
Telegraph. GBP/USD failed to register a fresh session low on the headlines.
- JPY crosses stuck to a tight range as BOJ's Suzuki offered little new,
highlighting the need to monitor the cumulative effects of ultra-loose MonPol,
while stressing that progress towards the Bank's inflation goal remains intact.
Suzuki also said that the BOJ board's decision in July was not aimed at pushing
up the levels of borrowing costs.
- The second estimate of U.S. GDP headlines on Wednesday.
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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