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Resilient US equities flattering FX risk......>

FOREX
FOREX: Resilient US equities flattering FX risk appetite
- Firmer US equities help flatter risk appetite somewhat this morning,
pressuring CHF and JPY to hold yesterday's losses. Nonetheless, implied vols
remain firm, indicating a quick reversal in fortune remains on the cards.
- Another session of GBP weakness follows a less-than-impressive session in the
House of Commons, with divisions among UK lawmakers appearing to widen, turning
focus to a supposed meeting between opposition leaders on a united front against
the PM Johnson.
- Comments from RBNZ Governor Orr were enough to place NZD atop the G10 pile.
Orr poured cold water on the potential for deploying unconventional policy
tools, praising the impact of the August rate cut. NZD/USD edged above $0.63 in
response.
- U.S. tertiary Q2 GDP, pending home sales and wholesale inventories, as well as
Swedish economic tendency survey provide the highlights on today's data docket.
Central bank speakers' list includes ECB Pres Draghi, BoE's Cunliffe, as well as
Fed's Kaplan, Bullard, Clarida, Daly, Kashkari and Barkin.

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