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Light GBP sales were seen in NY/Asia..........>

FOREX: Light GBP sales were seen in NY/Asia crossover after the Telegraph
reported that UK gov't expects that ongoing negotiations with the EU will not
result in a trade deal by the end of the Brexit transition period. A subsequent
recovery attempt was short-lived and sterling is heading towards the end of a
tight Asia-Pac session as the worst G10 performer. Any follow-up to the
Telegraph story will be eyed going forward.
- Little demand for safe havens amid an uptick in e-minis, which prompted USD &
JPY to join GBP at the bottom of the G10 scoreboard. Regional news flow was
limited, ahead of a long weekend in Japan.
- USD/Asia traded on a softer footing. IDR led gains in the region and USD/IDR
gapped lower at the open, before trimming losses. The rupiah was bolstered by
firmer sentiment and earlier reports surrounding an Indonesian state-owned drug
maker's plan to start human trials of a potential Covid-19 vaccine.
- USD/CNH & USD/CNY showed at their worst levels since mid-March.
- Focus moves to Canadian CPI, U.S. existing home sales and comments from ECB's
Lagarde & de Guindos.

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