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USD underperformed its G10 peers overnight....>

FOREX
FOREX: USD underperformed its G10 peers overnight as U.S. equity index futures
came under pressure on the latest developments re: the Huawei CFO. The broader
sell U.S. theme came to the fore after the early bout of risk off flows, with
USD finding itself at the bottom of the G10 table as a result. This allowed the
AUD & NZD to reverse their early losses against the greenback. JPY benefitted
from the broader risk off flows, offsetting soft Japanese GDP figures. 
- GBP initially came under pressure from weekend news flow re: Brexit, with PM
May's position looking very weak ahead of Tuesday's parliamentary vote on her
Brexit deal, with talk of her postponing the vote and taking the deal back to
Brussels for renegotiation (an option officially ruled out by No. 10). 
- EUR outperformed despite political issues, with France struggling to appease
protesters and the Italian Senate set to vote on Rome's controversial budget
later today. French Pres. Macron is set to make a speech today, with German & UK
trade balance, as well as UK production & monthly GDP figures due. Elsewhere,
Riksbank's Skingsley and BoC's Lane are due to speak. Worth noting that the ECJ
will give its ruling re: if Article 50 can be reversed, later today.

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