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AUD Takes Lead In Muted Asia-Pac Trade

FOREX

G10 currency pairs have held very tight ranges as headline flow remains particularly light in the final days of 2021. Updates on the Omicron situation remain under scrutiny, albeit without much market impact.

  • The AUD has recouped its initial losses and leads gains among major currencies, even if by narrow margins. The local equity benchmark has advanced as Australian markets re-open after the elongated Christmas weekend.
  • Activity is set to remain subdued into the year-end. The global data docket is fairly empty today, with little beyond U.S. wholesale inventories due for release.

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