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Nothing to note in the G10 space, with the....>

FOREX
FOREX: Nothing to note in the G10 space, with the major crosses holding to tight
ranges as participants eye the exit doors ahead of Christmas.
- Headline flow has been limited at best, with the early snippets from the
trilateral summit between the Chinese, Japanese & South Korean leaders somewhat
North Korea focused.
- Elsewhere, comments from China's SAFE revealed little new.
- AUD & NZD pared early gains, while USD/JPY remained range bound, with cable
also hugging a tight range.
- USD/KRW reversed the early uptick and more, with a focus on the frontloaded
budget and the aforementioned trilateral meeting between regional leaders.
- USD/MXN & USD/ZAR have added ~250 pips apiece, but haven't threatened their
respective Monday highs, yet.
- USD/CNH has stuck to a tight range, with Monday's high capping price action
thus far.
- Richmond Fed m'fing data out of the U.S. provides the only G10 point of
interest on Tuesday. Expect thinner liquidity owing to the festive season.
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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