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A positive start

USD
  • The Dollar start the session on the Front foot, with Yields staying elevated as Desks push back on earlier Fed rate cut, given the impressive US Data of late. Inflation remains high and Labour tight, focus going forward will be on the US PCE data.
  • The Dollar is up against all G10s, although, AUD, EUR, SEK, NZD, GBP (even with the UK data beat), CAD, sits closer to flat.
  • The NOK is the early worst performer, albeit by just 0.18%, off its worst level and still well within this week's range.
  • Resistance is at 10.60, while support are at 10.4998, circa pre US CPI levels, followed by 10.4681, in USDNOK.

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