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With little data or newsflow expected....>

LOOK AHEAD
LOOK AHEAD: With little data or newsflow expected from the rest of the session,
focus turns to President Trump's first State of the Union this evening at
0200GMT/2100EST. Attention will shift to any comments on the administration's
preference for a weak/strong greenback.
-Deutsche Bank believe the SotU won't be particularly exciting, but brazen
attacks on China's trade 'manipulation' under WTO rules could prove negative for
CNY, CNH and Asia FX as a whole.
-Brad Bechtel of Jefferies writes that officials in Thailand, Indonesia, South
Korea and Malaysia are already struggling with dollar weakness and if Trump's
SotU pushes the USD even lower they will come under further pressure to combat
USD downside in the face of the G20's agreement against FX manipulation.
-RBC's Sue Trinh adds that lack of detail, timing or budgets behind promised
infrastructure spending could be another disappointment for those looking for a
USD recovery.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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