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Renewed optimism surrounding this week's......>

FOREX
FOREX: Renewed optimism surrounding this week's Brexit talks alongside broader
USD sales saw GBPUSD print at the highest levels seen since January. The rate
topped out at 1.4344, just shy of the YtD high of 1.4345. Supply at the 4PM
London fix pressured EURGBP to 11-month lows of 0.8627.
- EURUSD also benefited from the weaker USD, but couldn't breach 1.2400.
- Despite the weekend's missile strikes in Syria, risk appetite was apparent at
the NY crossover, as USDJPY touched Y107.39, although the cross was quick to
pare gains following a tweet from Pres. Trump, stating that Russia & China are
playing the currency deval game, while the US is raising interest rates. USDJPY
eased towards 107.00 as US Tsy yields pulled back, and last deals at ~107.15.
- CAD strengthened against the USD, with USDCAD consolidating below 1.2600 ahead
of Wednesday's BoC MonPol decision. AUDUSD consolidated in a narrow range, and
trades at 0.7780, with NZDUSD last at 0.7365. SEK was the best performer in the
G10 space as traders booked profits following Friday's sell off.
- Chinese GDP data & the minutes from the RBA's most recent MonPol meeting
present the most notable event risks in Asia.
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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