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Markets content to sell EUR ahead of..........>

FOREX
FOREX: Markets content to sell EUR ahead of anticipated 'Bazooka'
-Despite news and dataflow being somewhat limited in the Wednesday session,
markets remained happy to sell the single currency back below the $1.10 mark as
traders anticipate a policy 'Bazooka' from ECB President Draghi. The move
initially was met with little market volume, evident in both futures and options
markets, before activity picked up into the midpoint of the US session. The EUR
weakness coincided with broader greenback strength, which boosted the DXY to the
best levels since September 4th.
-CAD was a more lively currency compared to broader quiet G10 FX markets, with
USD/CAD rallying back above C$1.32 as Bloomberg reported that Trump was weighing
an easing of Iranian sanctions pressure, prompting former National Security
Advisor Bolton to pushback and, eventually, leave Trump's administration. This
pressured WTI and Brent crude futures, taking the CAD with them.
-The ECB rate decision is front and centre of the Thursday trading day. Eurozone
industrial production, the August US CPI release and weekly jobless claims may
also garner some focus.

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