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Slow trade in Asia continued through the......>

FOREX
FOREX: Slow trade in Asia continued through the European and US sessions Monday
with traders turning focus toward a data laden week, alongside month-end
Tuesday. Bank models have flagged up expectations for 'strong USD selling'
across the board at Tuesday's fixings, with position adjustments for this
suggested linked to the USD's easing through the European and US sessions.
EUR/USD managed to edge above $1.17, clawed its way up to a high of $1.1719 with
underlying tone remaining buoyant through the US afternoon. Strength in EUR/USD
supported EUR/JPY which in turn left USD/JPY stuck in a tight range around
Y111.00. Focus in JPY on Tuesday's BOJ policy meeting. Cable was also pulled
higher though rally faced counters by EUR/GBP also gaining lift in possible
month-end related demand. EZ flash Jul CPI, EZ Q2 GDP provide interest in Europe
ahead of US PCE, Personal Spending and Income and Canadian GDP.  

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