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Risk Sentiment Recovers A Tad, Central Bank Decisions Due

FOREX

Risk appetite in early trade has been cautiously positive, following yesterday's risk-off session, with the Antipodeans outperforming their G10 peers at the margin as e-minis have crept higher. JPY is the worst performer in the basket, albeit JPY crosses have held fairly tight ranges. Sentiment may have drawn some support from an FT source piece, noting that the U.S. is allowing a growing number of firms to supply Huawei with components. Otherwise, broader news flow has been relatively light so far.

  • USD/CNH has trimmed some of its losses reported earlier, with the daily PBoC fix due shortly.
  • Focus turns to monetary policy decisions from the BoJ & ECB, U.S. initial jobless claims & advance GDP, German unemployment & flash CPI, EZ sentiment gauges & Canadian building permits. Central bank speaker slate includes ECB's Visco & Villeroy.

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