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Overall a quiet NY session with very little...>

FOREX
FOREX: Overall a quiet NY session with very little reaction to the release of
better than expected Empire State Manufacturing. Euro/Dollar stayed in a very
tight range of $1.1796-1.1820, however for the majority of the session the rate
bounced between $1.18800/10. late in the NY session President Trump announced he
liked " Stanford Taylor" for Fed role witnessed the rate drop towards $1.1785. 
Aussie remained under pressure being led by XAU and oil falling, hovering close
to the intraday low $0.7854 for most of the session. Broad based dollar demand
in reaction to Trumps comments over Fed role witnessed the rate drop to fresh
lows of $0.7843.
North Korea came back into focus as IFX reported that "NK would possibly meet US
diplomats in Moscow this week". Dollar yen spiked from Y111.70 to Y112.05 before
CNN reported that "NK reject diplomacy with US for now". The pair dropped
quickly towards Y111.85. Late in the session Trumps comments witnessed broad
base dollar demand, with the pair jumping to fresh highs of Y112.29. 

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