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The weekend gave participants some time to....>

FOREX
FOREX: The weekend gave participants some time to take a breather after Friday's
eventful session, dominated by UK general election results & headlines re:
U.S.-China trade pact. Sterling remains mildly bid but operates nowhere near
Friday's multi-year highs. Meantime, lack of clarity in the details of
U.S.-China phase-one trade pact keeps participants cautious.
- The loonie is slightly heavy as oil prices have ticked lower. The kiwi also
struggles for any topside momentum, even as Westpac pushed their call for a 25bp
cut to the OCR to Aug from Feb.
- Elsewhere, Australia's MYEFO saw cuts to the country's budget surplus
forecasts through 2023 & this year's GDP growth projection.
- CNH has extended gains in the wake of a stronger than expected PBoC fix.
USD/CNH has dropped, taking out the psychological CNH7.0 level.
- Chinese economic activity indicators are due at the top of the hour. A slew of
flash m'fing PMI readings from across the globe, Italian CPI and U.S. Empire
m'fing take focus after that. Speeches are scheduled from ECB's Lane and de
Guindos, as well as Fed's Kashkari.
Energy BulletsCommodities
Energy BulletsCommodities

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