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Sterling was the big outperformer.............>

FOREX
FOREX: Sterling was the big outperformer yesterday, closing above its 100-dma
after lagging for much of the session as reports suggested a so-called divorce
deal between the UK and EU could be cemented as early as next week. The news was
enough to drive GBP/USD toward 1.3150 which put downward pressure on the dollar
across the board.
- The recovery in GBP and EUR lifted yen crosses but USDJPY dropped back below
113 as dollar weakness overpowered the recovery in risk-on sentiment.  
-AUD and NZD continued their modest recovery, with AUDUSD breaking back above
0.71 in early Asian trading.
- Speeches by Fed' Williams and RBA's Coombs are the major potential market
drivers in the coming session.

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