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The greenback struggled in early Asia trade...>

FOREX
FOREX: The greenback struggled in early Asia trade on the measures implemented
in DC by President Trump, alongside confirmation of a push for state Governors
to call in the National Guard/worry about military deployment further afield to
quell the protests. The greenback then regained some poise to manoeuvre its way
back up the G10 rankings, although it was the CAD that topped the leader board,
building on its recent solid performance.
- GBP sat atop G10 FX at one point, on some encouraging reports re: the UK's
fisheries stance ahead of the latest round of Brexit talks, but eased again as
participants realised that there are bigger fish to fry in those negotiations.
- Elsewhere, the Antipodeans traded in sympathy with the broader USD chop,
edging away from worst levels in the wake of the RBA decision which saw the Bank
leave its settings unch., as it pointed to a slightly less downbeat outlook
(alluded to by RBA Gov. Lowe last week) & didn't attempt to talk down the AUD in
light of its recent rally. The tweaks to the concluding paragraph shore up the
idea that the Bank looks to hold things as is for as long as needed.
- Lower tier data evident across the G20 Tuesday, with Brexit talks eyed.
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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