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-MNI source reports suggesting the Fed........>

FOREX
FOREX: -MNI source reports suggesting the Fed could pause their rate hike cycle
as soon as early Spring 2019 knocked the USD ahead of the NY open, an effect
compounded by particularly weak durable goods data and weekly jobless claims.
AUD, NZD and SEK are the beneficiaries, which sit at the top of the G10 currency
scorecard today.
-US equities recovered somewhat after a particularly poor string of sessions,
helping stem JPY strength and allowing USD/JPY to recover back above Y113. In
Chinese FX, CNH strength followed MNI reporting that Chinese trade advisors and
former officials are 'optimistic' ahead of Trump-Xi discussions due to take
place on the sidelines of the G20 meeting. USD/CNH trades comfortably below
Cnh6.93 on the news.
-Thursday trade is likely to be particularly quiet given the US Thanksgiving
holiday, with focus turning to Japanese CPI and Eurozone consumer confidence. A
number of ECB speakers are due, with Angeloni, Weidmann, Knot, Visco and Mersch
all scheduled as well as BoE's Saunders.

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