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Trump effect weighs for second session........>

FOREX
FOREX: Trump effect weighs for second session
-Trump doubled down on his Fed criticism Friday, tweeting: "Tightening now hurts
all that we have done", adding that the US has been harmed by "illegal currency
manipulation" from China and Europe. Markets were happy to sell the dollar for a
second session, helping lift EUR/USD and AUD/USD back to broadly flat/minor
positive on the week.
-USD/CNY also had a lively session, touching 13-month highs at Cny6.8117 as
Trump said he was "ready to go" on a further $500bln of import tariffs.
-Trump's jawboning and lacklustre equities extended USD/JPY's retreat from the
multi-month highs at Y113.17, but markets remain focused on the Y113.27 200-wma
as the next level of key resistance.
-Commodity-tied FX were among the strongest performers on Friday as the
commodities complex rebounded, with industrial metals in particular seeing some
strength after a weak Thursday session.
-Eurozone PMIs, ECB rate decision and US GDP are the calendar highlights next
week.

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