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Yet another day of declines for the...........>

FOREX
FOREX: Yet another day of declines for the greenback. DXY under 90, at 3-year
lows
-The USD traded poorly in Europe after US Treasury Secretary Mnuchin said a
weaker USD is good for trade; informally endorsing the dollar's decline.
-The USD continued with its bearish tone throughout NY with most major G10 pairs
hitting multi-month/year highs as a result.
-Eur/Usd initially rallied on strong German and French PMI data. Persistent USD
sales eventually took out the $1.2400 barrier, to print highs of $1.2415. Focus
turns to tomorrow's ECB rate decision and press conference for direction.
-Gbp/Usd encountered support following decent UK jobs data, this trend continued
in NY with a move to 3-year highs of $1.4241 as soft Brexit talks persist.
-Usd/Jpy made a convincing break of Y110.00 in Asia, the Mnuchin comments added
weight to print extended lows of Y108.97.
-Aud/Usd supported by strong energy and metal prices lifted to highs of $0.8083.
-Looking further ahead NZD CPI is released tonight at 2145GMT, ECB's rate
decision and press conference tomorrow at 1245GMT/1330GMT respectively. 

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