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Tight Ranges In Holiday Session


Market holidays in China, Japan and South Korea are expected to keep liquidity in the region thin, the data docket is virtually empty for the rest of the Asia-Pac session. The greenback is higher in early Asia-Pac trade, extending gains from Friday while news flow has been light with major pairs trading in tight ranges early on.

  • NZD is bottom of the G10 pile so far, data earlier showed Performance of Services Index slipped to 35.6 in Aug from a revised 55.9 in July.
  • Market focus will be firmly on the FOMC decision/statement on Wednesday this week. Other notable central bank meetings include the Bank of Japan, Swiss National Bank and the Bank of England.

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