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Positive trade comments from White House's....>

FOREX
FOREX: Positive trade comments from White House's Kudlow were seen providing
recent risk aversion relief through Asia and into Europe Friday.
- Though tone has shifted to risk appetite market is seen wary of any US
presidential flip. Risk currencies were seen paring their recent gains with
USD/JPY able to extend its recovery back above its broken trend support line
(today at Y108.59) to Y108.69, the move below Thursday having triggered stops
that took rate to a low of Y108.24.
- EUR/USD remained buoyed back above $1.1000, traders aware that the $1.1000
level holds expiring strikes for today's NY cut amounting to E1.23bln of EUR
puts. Release of EZ final CPI provided little reaction.
- Sterling retained its underlying buoyant tone, the pound holding gains seen
Thursday following the standing down of two Brexit Party candidates in marginal
seats. Move seen boosting PM Johnson's chances of securing a working majority at
the Dec 12 election to get his Brexit bill passed.
- US retail sales provides the main focus into the NY session, with Empire State
data released same time(1330GMT). IP and Cap.Ut. follow at 1415GMT.

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