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It was a very tame session for the major......>

FOREX
FOREX: It was a very tame session for the major currency pairs, with a lack of
notable catalysts evident as traders eyed the exit ahead of the festive period.
The major G10 crosses were hemmed in tight ranges. AUD/USD had a brief look
above $0.6900, but buyers faced to gain any impetus above the figure, and faded
away before they could force a challenge of the 200-DMA. USD/JPY & EUR/USD stuck
to very tight ranges.
- USD/CNH ticked back above CNH7.00, aided by unchanged LPR fixings.
- Elsewhere, USD/MXN ticked away from the early Asia lows, last up 190 pips,
with some U.S. officials expressing doubt over the Mexico's ability to deliver
on areas prescribed under USMCA. The most notable of these being Richard Trumka,
the head of the largest federation of U.S. unions, who told RTRS that "he
remained sceptical that Mexico - a low-wage country compared with the United
States - would implement the labour reforms it has promised."
- Final U.S. and UK Q3 GDP readings, U.S. personal income/spending data and
Canadian retail sales are Friday's calendar highlights. Elsewhere, dovish BoE
dissenter Haskel is due to speak.
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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