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Reaction To Fed Minutes Eyed

MARKET TALK

USD generally lower vs. most of its G10 counterparts, albeit very marginal, with e-minis and T-Notes off their late NY lows.

  • Regional reaction to the FOMC minutes, subsequent USD rebound & Tsy curve steepening will be keenly eyed during Asia-Pac hours, with headline watching to the fore owing to the lack of true tier 1 risk events evident across the region on Thursday.
  • China's latest round of monthly LPR fixings are due, with unanimous expectations for the 1- & 5-Year fixings to print unchanged at 3.85% and 4.65% respectively. Elsewhere, the BSP will issue its latest monetary policy decision. 17 of the 18 surveyed by BBG look for the central bank of the Philippines to leave interest rates unchanged, while the one outlier looks for a 25bp cut.
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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