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Renewed optimism around US-China trade.......>

DOLLAR
DOLLAR: Renewed optimism around US-China trade talks set the tone overnight with
the dollar marginally weaker across the board at the European crossover. The DXY
comfortably holds below the 96 level toward the lower end of its narrow 95.73-85
range. Bears need to clear the double bottom support area at 95.60/65 before
challenging the 61.8% retracement of 93.81-97.69 at 95.29. Bulls need a close
above the 100-dma at 96.00 to stabilise the outlook, targeting the Jan 2 high at
96.95. Gold is off its best levels of the day, holding around $1282.50.
Near-term support is seen from yesterday's low at at $1279.49, a break opens the
38.2% fibo of $1241.82-1298.60 at $1276.91. Main focus in the US today from the
release of December FOMC minutes at 1900GMT. Board members Bostic (non-voter),
Evans (voter - dovish stance) & Rosengreen (voter - mildly hawkish) are also due
to speak. 

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