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Tight Asia Trade Observed, North American Data Eyed

FOREX

A lack of meaningful news flow & the proximity to the Christmas break combined to result in a lacklustre round of Asia-Pac trade.

  • EUR sits at the top of the G10 FX table, challenging Wednesday’s high at typing, but EUR/USD is less than 15 pips higher on the day.
  • USD/CNH looked through a softer than expected USD/CNY mid-point fixing.
  • The major USD crosses are effectively unchanged.
  • Thursday’s U.S. data dump will be headlined by the PCE suite and durable goods print, while the latest round of monthly Canadian GDP data will also cross.
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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