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The major crosses have started the week in....>

FOREX
FOREX: The major crosses have started the week in familiar territory, trading
little changed against the greenback.
- The USD closed out last week on the front foot, with  GBP & CHF
underperforming.
- USDJPY operates on  a 109 handle, now sandwiched between the 100-DMA providing
support at 108.73 and the 200-DMA at 110.22.
- GBP continued in a heavy manner in front of this Thursday's BoE MonPol
decision with the BoE now expected to stand pat after a run of soft domestic UK
economic data.
- Monday's risk events include comments from Fed's Quarles, Bostic, Kaplan,
Evans & Barkin.
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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