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A red start for the Dollar

CROSS ASSET
  • Not too surprisingly, the Dollar is on the back foot going into the European session, in what has been a less than positive week on the data front out of the US.
  • This has provided a Risk On tone, with Emini breaking its contract high Yesterday, and in turn SPX and NDX recorded fresh new all time record highs.
  • The move was Equity led Yesterday, which helped US Yield lower and the 10yr through 4.30%, down to 4.2735%, a two Months low.
  • Best early performer is the Swissy, albeit by just 0.18%, while the Kiwi, Yen and Pound sit closer to flat.
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  • Not too surprisingly, the Dollar is on the back foot going into the European session, in what has been a less than positive week on the data front out of the US.
  • This has provided a Risk On tone, with Emini breaking its contract high Yesterday, and in turn SPX and NDX recorded fresh new all time record highs.
  • The move was Equity led Yesterday, which helped US Yield lower and the 10yr through 4.30%, down to 4.2735%, a two Months low.
  • Best early performer is the Swissy, albeit by just 0.18%, while the Kiwi, Yen and Pound sit closer to flat.