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Mark McCormick, North American Head of FX Strategy at TD Securities, notes that the market sits in a holding pattern ahead of the pivotal G20 meeting this weekend.

Key Quotes

“The outcome of the G20 should set the tone over the coming weeks, with market participants hoping that Trump and Xi kick-the-geopolitical can down the road until early next year.”

“Month-end flows could challenge the boundaries of recent ranges, though dispersion across FX is the constant.”