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As risk sentiment remained poor amidst a......>

FOREX
FOREX: As risk sentiment remained poor amidst a backdrop of US trade fears and
political uncertainty, commodity based currency pairs were the worst performers
in G10 against the USD today.
- Usd/Cad triggered a flurry of stops on the move to 8-month highs of C$1.3067.
After a 4-day rally AUD reversed to $0.7796, NZD eased 0.85 to NZ$0.7267.
- Eur/Usd continued its descent through NY, the broader greenback pressured to
$1.2301 as traders reported of bids at $1.2300.
- Eur/Gbp traded through the 100-dma (Gbp0.8849) to Gbp0.8823. Note the cross
last closed below here on Feb27. The move supported cable to $1.3988 but was
unable to extend through the Asia high. Profit take sales eased, before the
broader USD theme pressured to $1.3925/30. $1.4000 provides stiff resistance, a
break has seen traders suggest $1.4010 as a buy entry level.
- Firmer UST yields alongside improving equities saw Usd/Jpy reclaim Y106.00,
momentum-type accounts extended to Y106.30 but soon faded.

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