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SEK was the outperformer on Tuesday as the....>

FOREX
FOREX: SEK was the outperformer on Tuesday as the Riksbank left policy unchanged
as expected, the central bank raised its inflation outlook, with some hawkish
murmurings apparent & extended its mandate to intervene in the SEK.
- GBP was underpinned by BoE's Saunders sticking to his hawkish playbook. Cable
briefly reclaimed $1.32 before GBPJPY sales saw the pair ease back below the
figure.
- The broadly weaker USD theme provided welcome relief for commodity-linked FX.
AUD/USD lifted to $0.7409, NZD/USD extended its recovery off yesterday's multi
year low to $0.6762.
- The US will observe the Independence Day holiday on Wednesday so liquidity
will be somewhat lower. Asian, EZ & UK Services/Composite PMI data, Aussie
retail sales & trade balance data dominate the docket on Wednesday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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