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Sentiment Still Positive

FOREX

Risk sentiment remains positive in the wake of FOMC monetary policy decision, with Asia-Pac equity benchmarks edging higher. The yen has extended yesterday's losses, as local markets reopened after a holiday amid reduced demand for safe haven currencies.

  • The Antipodeans lead gains in G10 FX space, while AUD/NZD has ticked away from a fresh five-week low printed on Wednesday.
  • Central bank activity picks up today, with the BoE and Norges Bank set to deliver monetary policy decisions. This will be complemented by speeches from BoE's Cunliffe, Norges Bank's Bach & several ECB members including Pres Lagarde.
  • Data highlights include U.S. trade balance & weekly jobless claims, German factory orders, Canadian trade balance & a suite of Services PMIs from across the globe.

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