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Risk appetite was pared back ahead of US......>

FOREX
FOREX: Risk appetite was pared back ahead of US Pres Trump's appearance at
Economic Club in NY. EUR/USD drifted lower through the day, touched $1.1003
where it was seen meeting support, some citing barrier interest at $1.1000 (not
confirmed) drawing demand ahead. Rate back at $1.1014 post Trump. Safe haven
currencies enjoyed some inflow, though USD/JPY remained above its 200-dma at
Y109.03 keeping underlying tone buoyant. Sterling gained a further boost late on
as Sky released a YouGov poll suggesting the Conservatives now have a 14-point
lead over Labour, following Brexit Party Farage decision to stand down
candidates in sitting Conservative MP constituencies. EUR/GBP again meets
support around Gbp0.8558. NZD retained a soft tone through the day after being
pressed lower in Asia on release of a softer 2-yr inflation exp survey has
opened chance for 25bp cut at tonight's RBNZ meeting. More interest if move seen
dovish, if not could see bounce back. 
- RBNZ rate decision 0100GMT. UK CPI 0930GMT, Germany Final CPI 0700GMT, EZ IP
1000GMT, US CPI 1330GMT. Fed Powell addresses Joint Economic Comm at 1600GMT (of
interest after another broad side from US Trump on interest rates earlier).

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