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Markets struggled to digest a slew of.........>

FOREX
FOREX: Markets struggled to digest a slew of headlines as China returned from an
elongated weekend alongside what appeared to be an Israeli based missile attack
on Syria. This came after President Trump had suggested that he believes China
will come to the table re: trade, while reports suggested that North Korea is
willing to discuss denuclearisation. The USD traded in mixed fashion against the
majors, as the NZD outperformed on no news flow.
- CAD shrugged off reports suggesting that there will be no NAFTA deal in
principle announced at the upcoming summit of the Americas in Lima, after some
limited CAD selling on the headline.
- USDJPY hovered around 107.00 with circa USD 2.7bln worth of option expiries
set to roll off at this level during the week.
- On the option expiries front there is some EUR 1.1bln worth of 1.2150 EURUSD &
EUR 1.14bln worth of EURGBP 0.8650 set to roll off at today's NY cut (given they
are not at market at the moment).
- The docket looks limited on Monday, with comments from ECB's Constancio &
Praet, as well as the BoC's Business Outlook Survey set to headline.
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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