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Price action has been limited across the......>

FOREX
FOREX: Price action has been limited across the G10 FX space in what has been a
particularly lacklustre start to the week. As a reminder, Japanese markets are
closed for the Golden Week holidays, which is affecting liquidity.
- NZD has modestly outperformed its G10 peers, with AUD coming second, as the
strongest in eight months Chinese industrial profits data, released on Saturday,
may be lending a degree of support to the Antipodeans.
- EUR has ignored preliminary results of Spanish parliamentary elections, which
saw the incumbent Socialist Party win a plurality of seats. PM Sanchez is
expected to enter coalition negotiations to try and form another gov't.
- SEK has landed at the bottom of the G10 pile, giving away some of its Friday's
gains, partly stemming from a better than exp. retail sales print.
- Focus today turns to U.S. personal income/spending data, EZ consumer
confidence & Swedish trade balance, with remarks from BoE Gov Carney also due.

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