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SEK shorts squeezed as Riksbank minutes.......>

FOREX
FOREX: SEK shorts squeezed as Riksbank minutes surprisingly upbeat
-The Swedish currency sits at the top of the G10 table today following a
somewhat upbeat set of Riksbank minutes, with a number of Riksbank members
retaining their expectation that the SEK will rise, and the weaker FX rate will
stimulate domestic price pressures.
-NZD is not faring so well, falling against all other majors as the combative
rhetoric between the US and China cemented the bleak outlook for global trade
and as NZ services PMI slowed slowed to 53.2 from a downwardly revised 54.8.
AUD/NZD eyes a close above the 50-dma of N$1.0945 for the next leg higher.
-USD, EUR, JPY and GBP trade relatively directionlessly with markets turning to
the US for inspiration. GBP trades unperturbed by a pickup in Brexit headlines
over the weekend (with ex-Foreign Sec Johnson escalating his argument against
the government's Chequers Brexit plan).
-Eurozone CPI due at 0900GMT provides the next impetus for price action, but is
expected unrevised, followed by US Empire Manufacturing at 1230GMT. 

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