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A fairly calm start of the EU?UK session in...>

FOREX
FOREX: A fairly calm start of the EU?UK session in FX, as market participants
and investors takes in the coordinated move from global CBs, with Fed pulling
the bazooka and cutting 100bps. 
-More lockdowns potential across the globe dominates the early headlines, with
Malaysia and Thailand to make decisions later. 
-Main focus going forward will be on the USD funding and its effects across
assets. 
-EMFX have been suffering on the back of it with USDZAR and USDTRY
underperforming USD. 
-In G10, USD has been pretty mixed and within ranges. 
-USDJPY is better offered on the higher US yields, and the pair isn't following
Equities today, with a better risk off tone, given SPX limit down overnight. 
-With Risk clearly driving multi cross assets, AUD and NZD have struggle
overnight, NZD on the surprised 75bps cut 
-RBA Philip Lowe said Monday the Bank will announce further policy measures to
support the Australian economy on Thursday, AUD has remained fairly subdued. 

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