The Australian and New Zealand Dollars are the clear out performers among the actively traded currencies on Monday. The risk correlated commodity currencies getting a boost from the news of substantial progress towards a trade deal between the US and China. This has fueled additional upside in US equities which have now staged a massive recovery from the December bottom. The pound pushing up on the news that Theresa May and Angela Merkel have discussed delaying Brexit. Ongoing uncertainty around the event and reports from CBI that the UK services industry is that its gloomiest since the 2009 financial crisis

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