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A more limited impact in FX

FOREX
  • A much more subdued reaction in the EUR following the German NRW miss, with EURUSD still stuck in a 23 pips range.
  • The Currency is circa flat against the NOK, SEK and trending in the red against all other G10 Currencies.
  • The USD was mixed pre EU Cash Govie open, with the Yen up 0.30%, while the NOK was down 0.13%.
  • The Risk On tone seems to have little impact "so far" on the Greenback since the Europe open, the Yen is now up 0.24%, and the NOK is down 0.11%, close to where they were pre cash Bond open.

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