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Antipodeans Firm In Asia

FOREX

AUD and NZD are leading the bid in the G-10 space today, the move higher has been seen alongside firmer regional equities and US equity futures. US Tsy Yields are a touch higher and Oil is little changed.

  • AUD/USD looked through a miss on the Q3 GDP data and sits ~0.6% higher. The $0.66 handle remains intact and resistance comes in at $0.6623, high from Dec 5.
  • Kiwi is up ~0.6%, NZD/USD last prints at $0.6165/70. Bulls immediate focus is on the $0.62 handle.
  • Yen is a touch pressured, higher US Tsy Yields are weighing, however USD/JPY has sat in a narrow range for the most part in Asia. The Japanese data docket was empty today.
  • Elsewhere in G-10 GBP and CAD are a touch higher, the EUR is flat. BBDXY is ~0.1% lower.
  • In Europe today German Factory Orders and Eurozone Retail Sales headline the docket.

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