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Weekend headlines pointing to a major.........>

FOREX
FOREX: Weekend headlines pointing to a major stalemate in U.S.-China trade
negotiations knocked risk appetite on the head, setting the tone for today's
Asia-Pacific session. Consequently, safe haven currencies were bid and JPY
remained easily the best G10 performer, with USD/JPY printing its session low of
Y109.60 after a soft opening for the Nikkei 225.
- High-beta FX space found itself under pressure and the Aussie landed at the
bottom of the G10 currency board. Weaker than expected Australian housing
finance data did not help recovery attempts.
- Chinese yuan declined, with USD/CNH printing a fresh YTD peak at CNH6.8963.
Likewise, fallout from the U.S.-China trade war continued to spill over into
KRW, prompting USD/KRW to touch new 2019 highs.
- Today's data docket is rather thin, with focus on Norwegian GDP figures. RBA's
Debelle, Riksbank's Ohlsson, as well as Fed's Rosengren, Clarida & Kaplan will
speak. Hong Kong observes a market closure due to a national holiday. 

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