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The early part of today's Asia-Pacific........>

FOREX
FOREX: The early part of today's Asia-Pacific session saw UK PM May and the EU27
leaders emerge from a summit, where they negotiated the possible extension of
Article 50. The EU accepted May's bid to delay Brexit to May 22, but only on the
condition that her Brexit deal passes the parliament by Apr 12. Otherwise, the
UK must decide on the fate of Brexit until Apr 12; according to EU Council Pres
Tusk, options on the table include the current divorce agreement, a no-deal
exit, a long delay and revoking Art. 50. Sterling benefitted from the news and
modestly outperforms its G10 peers at writing.
- The yen has also been relatively strong, as the Nikkei 225 slid into negative
territory after opening on the front foot. Domestic data releases have been
largely ignored by JPY, with the Nikkei m'fing PMI unch. at 48.9 and national
core CPI printing at 0.7% Y/Y, undershooting exp.
- NZD has posted modest gains as well, while AUD fell to the bottom of the G10
currency board.
- Focus today turns to global flash PMI data, as well as Canadian CPI and retail
sales. Elsewhere, ECB's de Guindos & Angeloni are due to speak.

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