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The USD trimmed some of its losses on.........>

FOREX: The USD trimmed some of its losses on Tuesday, but failed to inspire with
the major pairs sticking to narrow ranges for the balance of the US session.
- Having briefly dipped under Y111.00, USD/JPY improved to Y111.34, last
- AUD supported by firmer base metal prices remained top of the G10 pile.
AUD/USD printed $0.7434 before edging back.
- GBP/USD comfortably held above $1.31 and squeezed to $1.3159 on reaction to PM
May stating that she will lead Brexit negotiations with the EU while the Brexit
department will instead focus on preparations for a no-deal Brexit.
- EUR/USD dipped back under $1.1700, last $1.1680.
- TRY plunged over 3% after Turkey's central bank unexpectedly left its
benchmark interest rate unchanged. USD/TRY later stabilised around TRY4.88.
- AU CPI & NZ trade data provide the headline risks on Wednesday.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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