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A modest burst of USD weakness was apparent...>

FOREX
FOREX: A modest burst of USD weakness was apparent in early Asia-Pacific
dealing, with pressure on USDJPY leading the way. Talk of a large bid between
105.80-85 being pulled help the pair move lower, as JPY 3-month basis continues
to narrow to multi-year tights. EUR & GBP have also moved higher vs. USD in
early Thursday trade.
- Elsewhere a disappointing Australian labour market report weighed on the AUD,
with the headline missing and the unemployment, underemployment &
underutilisation rates ticking higher (MNI 5 Things: Australia Data Shows Spare
Capacity Not Declining - See Main Wire At 00:49 GMT 03/22). This saw the AUDUSD
ease from 0.7785 to session lows of 0.7760.
- NZDUSD was a little more resilient, now sitting at unchanged levels.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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