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USDCNH recovered some of its losses amid......>

FOREX: USDCNH recovered some of its losses amid broad-based dollar strength
following negative Italian budget headlines. However, the pair still trades
roughly flat on the day at 0.8744. 
- The drop in EURUSD has seen EURCNH break back below Tuesday's low to shift the
focus to the key breakout area around 8.0. 
- EURKRW has had a very weak day with the pair dropping 1% to trade at
three-week lows. The pair has shown little sigh of breaking to the upside, which
provides some caution over the sustainability of the bullish break in EURCNH. 
- USDTWD remains at its daily low as it continues to shrug off dollar strength
and diverges from the CNH, providing a potentially bullish signal for Asian FX
as a whole. 

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