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The "indefinite suspension" of U.S. tariffs...>

FOREX
FOREX: The "indefinite suspension" of U.S. tariffs on Mexico announced by U.S.
Pres Trump late Friday set the tone for today's Asia-Pac session, supporting
risk appetite, even as questions surrounding the details of the agreement
remain. Market closure in Australia limited regional headlines somewhat, while
little reaction was noted to upbeat Chinese trade balance & final Japanese GDP.
- USD was aided by the Mexico deal, alongside the oil-tied CAD & NOK. Safe haven
JPY & CHF struggled, but AUD & NZD bottomed the G10 pile eventually. 
- MXN rallied, boosted by the aforementioned tariff suspension. USD/MXN returned
to the range from ahead of the tariff announcement.
- Onshore yuan softened, as China emerged from its elongated weekend with
investors turning focus to the recent comments from PBoC Gov Yi, who said that
"no yuan exchange rate number is more important than others." Yi's remarks
allowed USD/CNH to touch a fresh YtD high on Friday.
- Italian industrial output, Canadian housing starts, as well as industrial
output, trade balance & GDP out of the UK take focus today. Also expected are
remarks from BoE's Haldane and Saunders, as well as ECB's de Guindos.

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