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The NY/Asia crossover saw a round of light....>

FOREX
FOREX: The NY/Asia crossover saw a round of light GBP sales, as a Telegraph
source story suggested that UK gov't expects that its ongoing trade talks with
the EU will fail to end up with a deal by the end of the Brexit transition
period. Sterling has recouped losses since and trades around neutral levels,
with broader FX price action very subdued this morning.
- AUD has consolidated yesterday's impressive gains and tops the G10 pile in a
tight Asia-Pac trade so far. Tuesday's rally allowed AUD/USD to breach several
key resistance levels and print a fresh YtD high. Participants are preparing for
tomorrow's economic and fiscal update from the Treasurer.
- JPY trades on a softer footing, as e-minis have edged higher. As a reminder, a
four-day long weekend kicks off in Japan tomorrow.
- KRW re-opened on the front foot, catching up with overnight risk-on flows. 
- Focus moves to Canadian CPI, U.S. existing home sales and comments from ECB's
Lagarde & de Guindos.

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