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The greenback found itself at the bottom of...>

FOREX
FOREX: The greenback found itself at the bottom of the G10 FX table in
Asia-Pacific trade, with regional investors wary of long USD positions against a
backdrop of an ongoing U.S. gov't shutdown & U.S. stock market volatility.
- Haven currencies found themselves at the top of the pile, with JPY
outperforming CHF. There was little in the way of headline flow (outside of a
deluge of Japanese data), with much of the region taking time off over Christmas
& Tokyo winding down for an elongated weekend.
- Attention Friday turns to regional & national German CPIs, as well as the
final U.S. Chicago PMI release of the year. Also worth noting that bank
month-end models continue to point to strong USD buy signals despite sharp
equity volatility in recent trading sessions.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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