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A red start for the Dollar

USD
  • The Dollar shows mostly in the red in early trade, and despite the higher Yields, Risk is tilted to the upside, with similar unwind in Equities after they fell ahead of the weekend on Friday.
  • Both the Emini and Estoxx futures gapped higher overnight.
  • Best early performer is the Kiwi, after the opposition National Party won the election, and while it is up 0.65%, over the past 5 days, it is still down 1.64%.
  • Main support in NZDUSD is at 0.5859, the September low and lowest print since November.
  • Market participants will continue to keep a close eye on the USDJPY and the BIG 150.00 level, printed a 149.83 high last week.

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