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USD strength was the order of the Asia-Pac....>

FOREX
FOREX: USD strength was the order of the Asia-Pac session, as the greenback
appreciated against the backdrop of higher Tsy yields and uncertainty re: the
potential for September trade talks between the U.S. & China.
- The NZD's tumult continued, with NZD/USD registering a fresh cycle low, just
above key down trend channel support, which comes in at $0.6267 today.
- Across the Tasman, the effects of a much wider than expected Australian
current account surplus offset the weaker than expected retail sales print,
although AUD/USD was not insulated from the USD strength.
- EUR/USD continued to set new cycle lows, while cable also struggled as GBP
traders assess the latest Brexit/political goings-on in Westminster.
- USD/CNH edged lower after the rate registered a fresh all time high on Monday,
with the PBoC setting USD/CNY below exp. yet again on Tuesday. Elsewhere, KRW
struggled on the back of the recent CNH price action & soft South Korean CPI
data.
- The RBA MonPol decision, U.S. M'fing ISM & an address from Fed's Rosengren
provide the highlights during the remainder of Monday's session.
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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