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The major FX pairs have stuck to a narrow.....>

FOREX
FOREX: The major FX pairs have stuck to a narrow range in Friday's Asia-Pacific
session, with the most modest amount of USD strength apparent.
- Trade rhetoric surrounding Friday's G7 summit hasn't offered much new, with
Trump maintaining his protectionist stance.
- Elsewhere Japanese GDP & Chinese trade data failed to inspire traders.
- In the EM space Argentina has come to an agreement with the IMF, while the
Brazilian Central Bank Chief Goldfajn stated that the BCB will intervene via
interest rates and the FX market if required. He also revealed that the central
bank will offer $20bln via FX swaps over the next week, and will consider doing
more if needed.
- Canada's jobs report & a speech from ECB's Mersch, as well as the G7 summit
take focus on Friday.
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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