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US Congress signed a temporary funding bill...>

FOREX: US Congress signed a temporary funding bill to reopen the goverment after
a 3 day shutdown late on Monday night, markets took the announcement in stride -
the US dollar saw a very slight bid early in Asia that was quickly reversed to
take the dollar index back towards 3-Year lows. Cable saw a brief a pop above
1.40, the highest since Brexit induced sell off (23-24 June 2016). There was a
story doing the rounds that the UK had already agreed a Norway style agreement
during transition. The pop higher was shortlived and GBP/USD now trades down 3
pips at 1.3984.
- Aussie moved higher early in the session, touching 0.8030 after some stops
tripped above 0.8020. Iron ore weakness put a dampener on Aussie, the move lower
was exacerbated by US trade tariffs imposed on solar/washing machine imports.
The announcement was met with disapproval from China who said it would hurt
global trade and they would safeguard their own interests.
- Yen rose after the BoJ kept policy unchanged, but made a slightly hawkish nod
towards stronger inflation expectations. USD/JPY last down 11 pips at 110.80
after touching 110.53.

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