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As early risk appetite fades the USD stages...>

FOREX
FOREX: As early risk appetite fades the USD stages a comeback ahead of the NY
crossover with some pointing the move to a Reuters story that said China will
ask the World Trade Organisation next week for permission to impose sanctions on
the United States. EURUSD dips back under $1.1600 to $1.1591 with the Asia low
providing support at $1.1578. Despite well received UK Employment data, GBPUSD
is off its best levels of the day to hold $1.3025/30. JPY cross pare early gains
with both EURJPY & CADJPY now below the 100-dma, this level will be monitored
around the close today. AUDUSD flirts with $0.71, targeting a break of earlier
lows at $0.7092. The DXY now comfortably holds above the 95 level and 50-dma to
95.20, the US10y holds near the peak of its narrow range at 2.9571%, while gold
is back under pressure at $1193. 

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