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Sterling stabilises, kiwi finds little........>

FOREX
FOREX: Sterling stabilises, kiwi finds little respite and dollar dominant
-After yesterday's Carney-inspired slide in sterling, GBP/USD has stabilised
somewhat, but remains just above the lowest levels in a fortnight of $1.4036.
The volatility is unlikely to be over as known hawk Saunders is due to speak at
1030BST.
-NZD remains unloved and is the poorest performer this week as inflation
concerns run rife after CPI disappointed. NZD/USD now sits in close proximity to
the 100-dma at $0.7216 as most major banks remain bearish on the currency.
-The EUR broke out of a relatively tight overnight range and succumbed to
continued strength in the greenback, pressing EUR/USD through the 50-dma to
print down at $1.2312.
-Despite weaker Asia equity markets overnight, USD/JPY was lifted overnight on
touted strong importer demand. Slightly firmer European equities have further
supported the move.
-Focus turns to Canadian retail sales and CPI figures at 1330BST and speeches
from Fed's Evans, Riksbank's Ingves and Bank of Canada's Wilkins.

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