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Risk appetite got some reprieve owing to a....>

FOREX
FOREX: Risk appetite got some reprieve owing to a few reassuring signals,
putting safe haven FX on the defensive. Elsewhere in the G10, SEK, CAD & AUD
strengthened, but NZD landed well towards the lower end of the pile. U.S. Sec of
State Pompeo noted that a trade deal with China could be struck by the 2020
election, the PBoC fix was slightly firmer than exp., while U.S. North Korea Rep
Biegun said that Washington is ready to restart talks with Pyongyang. Worth
highlighting that G10 crosses mostly respected familiar ranges.
- In Asian FX, USD/CNH eased off post-PBoC fix. Meanwhile, KRW gained poise on
the back of a BBG report stating that a Japanese material maker JSR has received
a permit to resume shipments to South Korea, coupled with aforesaid communique
re: N. Korea from U.S. off'l Biegun. Positive news overshadowed poor S. Korean
trade data & a Yomiuri piece suggesting that N. Korea has already made its
nuclear weapons into warheads. USD/KRW managed to dip through KRW1,200.00.
- Due today: FOMC MonPol meeting minutes, U.S. existing home sales, Canadian
CPI, UK public finances data, Norwegian AKU unemployment & comments from Fed's
Kashkari. UK PM Johnson will meet with German Cll'r Merkel for Brexit talks.

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