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GBP: UK data provide mixed signals with BoE outlook finely balanced - MUFG
The Pound Sterling (GBP) underperformance yesterday was contained mostly to against the core G10 currencies with the risk-off sentiment resulting in the high-beta G10 currencies like NOK and AUD performing worse.

EUR/GBP steady as pension delay in France stirs uncertainty, UK labor cools
EUR/GBP trades flat for the day around 0.8710 on Wednesday at the time of writing, with markets balancing political risks in France and monetary prospects in the United Kingdom (UK).

ECB's Dolenc: No reason to change rates in the coming months
European Central Bank (ECB) policymaker and Slovenia's central bank acting Governor Primoz Dolenc said on Wednesday that there is "no reason to change (interest) rates in the coming months."

GBP/USD: Likely to trade in a range between 1.3290 and 1.3365 - UOB Group
Pound Sterling (GBP) is likely to trade in a range between 1.3290 and 1.3365. In the longer run, downward momentum has slowed somewhat, but there is still a chance for GBP to decline to 1.3200, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

DXY: Powell sets a dovish tone - OCBC
Recent rise in US Dollar (USD) was stopped in its track. DXY last at 98.81 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

EUR/USD: Likelihood of EUR reaching 1.1490 is decreasing - UOB Group
Euro (EUR) could rise, but any advance is likely part of a higher range of 1.1575/1.1635. In the longer run, the likelihood of EUR reaching 1.1490 during this phase of weakness is decreasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/CHF hits session lows sub-0.8000 amid generalised Dollar weakness
The US Dollar is trading lower across the board as investors increase bets on Fed cuts.

USD/JPY slumps to near 151.00 as US Dollar underperforms on Fed dovish bets
The USD/JPY pair is down 0.45% to near 151.00 during the European trading session on Wednesday. The pair faces selling pressure as the US Dollar (USD) underperforms its peers, with traders remaining confident of two more interest rate cuts by the Federal Reserve (Fed) this year.

Eurozone Industrial Production drops 1.2% MoM in August against 0.3% growth in July
The Eurozone industrial sector activity contracted in August, according to the latest data published by Eurostat on Wednesday.

USD/JPY: Unwinding of Takaichi trade - OCBC
USD/JPY extended its move lower as Japanese political developments continued to unravel. JPY fell 4% at one-point post-LDP election. Pair was last at 151.22 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

AUD: Jobs data in focus, but trade tensions dominate - ING
Australia releases September jobs data overnight, with consensus expecting a 20k rise in employment after August's 5k drop, ING's FX analyst Francesco Pesole notes.

USD/CNY: The pair is guided by the lower fix - OCBC
USD/CNY gapped lower in the open this morning, guided by lower USD/CNY fix at 7.0995 (vs. 7.1021 yesterday). It appears that 7.10 is no longer the line in the sand. USD/CNY last seen at 7.1245, OCBC's FX analysts Frances Cheung and Christopher Wong note.

AUD/JPY treads water above 98.50 due to cautious tone surrounding RBA policy stance
AUD/JPY edges higher after registering nearly 0.75% losses in the previous session, trading around 98.60 during the European hours on Wednesday.

USD/MXN tests resistance as momentum turns positive - Société Générale
USD/MXN has rebounded from its 18.20 low but continues to face resistance at the 50-DMA. A break above 18.65 is needed to confirm an extended recovery, while failure to clear it could invite renewed downside pressure, Société Générale's FX analysts note.

China: Deflation eased but price pressure remained subdued in September - UOB Group
China's Consumer Price Index (CPI) deflation eased, coming in at -0.3% y/y in September, an improvement from August (-0.4%) (versus Bloomberg est: -0.2%). This was the second straight month of negative reading.

EUR: Finally, some good news - ING
The Euro (EUR) found support yesterday after positive political developments in France, ING's FX analyst Francesco Pesole notes.

AUD/USD gains sharply to near 0.6520 as RBA's Hunter warns of upside inflation risks
The AUD/USD pair trades 0.5% higher to near 0.6520 during the European trading session on Wednesday.

EUR/USD: French PM survives another day - OCBC
Euro (EUR) was a touch firmer overnight as political uncertainties in France found a breather. EUR last seen at 1.1637 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Pound Sterling rises despite escalating BoE dovish bets, UK GDP data eyed
The Pound Sterling (GBP) trades higher against a majority of its currency peers on Wednesday. The British Pound gains even as traders have raised bets supporting more interest rate cuts by the Bank of England (BoE) in the remaining year.

EUR/JPY Price Forecast: Holds losses near 176.00 near nine-day EMA support
EUR/JPY depreciates after registering little gains in the previous session, hovering around 176.00 during the European trading hours on Wednesday. The technical analysis of the daily chart indicates a bullish revival as the currency cross remains within the ascending channel pattern.
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