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The USD index fell sharply Thursday, in a.....>

FOREX
FOREX: The USD index fell sharply Thursday, in a move that began in the Asia-Pac
session, extending throughout European & U.S. trading hours.
- The sharpest USD losses were felt against the AUD, NZD & GBP in G10, but CNH
had a strong session 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
AUD/USD and NZD/USD, which all rallied through significant levels.
- China's currency benefited as Trump confirmed he had spoken with his Chinese
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, US NFPs, Eurozone PMIs and the
Canadian jobs report. ECB's Nowotny, Rehn, Smets & Stournaras are all due to
appear.
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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