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Risk better bid as US/China line up...........>

FOREX
FOREX: Risk better bid as US/China line up September trade talks
-Commodity-tied currencies modestly outperform in early Europe, with CAD and AUD
both higher as markets eyed comments from China's Ministry of Commerce, who
appear to be laying the groundwork for a September meeting with their US
counterparts. China soothed sentiment somewhat by stating the two countries
remain in effective communication on trade and expressed a preference for talks
that prioritise the removal of fresh tariffs. The gains in AUD/USD, however,
were small, with markets remaining uncomfortably close to recent cycle lows
printed at $0.6677.
-GBP remains sold, with yesterday's $1.2157 lows eyed as first support. The
legal standing of the government's decision to shutter parliament is yet to be
concluded, keeping markets shy of boosting GBP/USD back toward this week's
highs.
-US GDP, trade balance, weekly jobless claims data and preliminary German
inflation are the calendar highlights Thursday. The speaker schedule is empty
today.

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