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-The USD index fell sharply in a trend that...>

FOREX
FOREX: -The USD index fell sharply in a trend that began in Thursday's Asia-Pac
session and extended throughout European and US trading hours. The sharpest USD
losses were felt against the AUD, NZD and GBP in G10, but CNH had a strong
session in EM too. After touching multi-month lows Wednesday, EUR/USD trended
higher throughout the day, topping $1.14 and erasing the week's losses. Similar
moves were seen in GBP/USD and NZD/USD, which all rallies through significant
handles.
-China's currency benefited as Trump confirmed he had spoken with his
counterpart Xi, adding that trade conversations "are moving along nicely",
raising hopes that a deal could be struck as soon as their meeting alongside the
G20 in November. USD/CNH fell to the lowest levels since mid-October.
-GBP's Brexit-induced rally that began in Asia continued throughout the BoE QIR
which tilted hawkish, helping GBP/USD re-approach the 50- and 100-dmas.
-Friday focus shifts to Australian retail sales and PPI, US nonfarms, Eurozone
PMIs and the Canadian jobs repoort. ECB's Nowotny, Rehn, Smets and Stournaras
are all due to appear at a central bank conference in Athens.

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