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Risk appetite gets a boost on two fronts......>

FOREX
FOREX: Risk appetite gets a boost on two fronts
-After a slow start for risk appetite Tuesday, markets managed a two-stage
turnaround ahead of the close, buoying high beta currencies and putting the JPY
under pressure. Firstly, the WSJ reported that US and Chinese trade negotiators
are planning for a delay of tariffs that were scheduled to be implemented this
Sunday. The WSJ added that the two nations were 'haggling' over Beijing's
commitment to buying US farm produce beyond the first stage of a deal. Markets
responded by buying equities (briefly boosting US futures into positive
territory) and selling the JPY, allowing USD/JPY bulls to retain Y109 as the
near-term target.
-Risk appetite got a second boost ahead of the close as cross-party lawmakers
narrowed in on the USMCA agreement, which now looks fully above board for all
parties. Representatives of each country should sign the changes before the
close of Tuesday's business.
-The Fed decision takes focus Wednesday, with November's US inflation data also
due.

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