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Price action in the G10 FX space was..........>

FOREX
FOREX: Price action in the G10 FX space was particularly limited in today's
sedate Asia-Pacific session, with markets cautious after the IMF trimmed its
global econ growth outlook yesterday, and ahead of today's ECB MonPol decision,
FOMC minutes and the emergency EU Brexit summit.
- AUD had underperformed before jumping to the top of the G10 pile, following
comments from RBA Dep Gov Debelle, who pointed to a "surprisingly strong"
domestic labour market and added that how the tension between strong jobs data
and weak GDP data resolves in the next months will be key for RBA policy
guidance.
- The RBNZ said that "as of 2018, the EMS measure indicates near-record levels
of monetary stimulus" in an analytical document published earlier today.
- JPY crosses are virtually unchanged after a muted reaction to Japanese PPI &
core machine orders prints.
- On the data front, U.S. & Norwegian CPIs, UK GDP, as well as industrial output
data from the U.S., UK, Italy & France take focus today. Riksbank Dep Gov
Ohlsson, ECB Pres Draghi, ECB's Coeure and Fed Vice Chair Quarles will speak.

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