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The Greenback finished in the middle of the...>

FOREX: The Greenback finished in the middle of the pack on Thursday, backing
away throughout the US afternoon as Tsy yields pulled back, with the US 2s10s
spread trading at the flattest levels seen since 2007, with a softer than
expected Chicago PMI release adding further weight to the dollar after a slight
uptick during the European morning. The latest round of US personal spending &
income data was in line with exp., with core PCE also in line.
- GBP lagged as mortgage approvals and house price data missed exp., with one
eye on the Brexit clock, as the UK now has 1 year until it leaves the EU.
- JPY outperformed, aided by month- & quarter-end flows even as Wall St. indices
finished higher.
- The USD pullback allowed USDCAD to shake off a soft Canadian GDP release.
- With a raft of major market closures for the Easter weekend focus will fall on
the Asian economic docket. Japan's labour market report & industrial production
are due up today & Chinese official PMIs are set to hit on Saturday. Monday will
bring the Japanese Tankan survey from the BoJ, with particular focus on
business' JPY forecasts.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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