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Flash: Today's China GDP risk to the downside - Nomura

FXstreet.com (Barcelona) - After the poor trade data out of China from last week, with export growth down by 3.1% y-o-y in June and import growth by 0.7%, according Zhiwei Zhang and Wendy Chen, Economists at Nomura, "the risk is for further downside risks to the June and Q2 growth numbers due for release later today at 2GMT, while helping reinforce our view that there is a 30% chance that China‟s GDP growth may drop below 7% in H2."

AUD/JPY well bid above 90.00

The AUD/JPY foreign exchange cross rate is last trading at 90.12, off recent session highs at 90.35, ahead of Chinese GDP data at 02:00 GMT and with Tokyo markets closed for holiday.
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Flash: IMM futures reflects notable build in long USD - HSBC

The latest IMM futures FX positions, as HSBC Global Research Team reports, "show the total long USD positions rose to USD27.7bn in the week ended July 9 from USD22.3bn the previous week, using the cumulative notional USD total of the currency futures contracts that trade on the IMM."
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