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USD pares Asia losses in quiet................>

FOREX
FOREX: USD pares Asia losses in quiet holiday-themed markets.
- USD demand was the stand-out across all major pairs in Europe, registering
decent gains against the CHF & AUD
- JPY strength was evident in Asia after the Iranian president Rouhani warned of
repercussions if the US pulls out of the nuclear accord in a batch of weekend
comments. Usd/Jpy dipped under Y109.00 but was quick to pare losses as the
European session got underway. Supported by firmer UST yields/DXY, the rate
squeezed through Friday's high to Y109.34 before fading.
- Eur/Usd holding heavy ahead of German Factory Orders, was pressed further
after a soft release to extended react lows of $1.1922.
- The seasonal trend which has seen Gbp/Usd fall in May for 9 straight years
continues to play out with losses currently of 1.68%. Cable last $1.3538.
- Antipodeans struggled again with the broader-based USD to hold near their
respective lows, AUD last $0.7510, NZD $0.7010.
- Having reclaimed parity ahead of the European open, Usd/Chf powered on to
5-mth highs of Chf1.0035 and seen approaching the Oct 2017 highs of Chf1.0038.

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