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Aussie Regains Poise


The Australian dollar has clawed back its initial losses and sits atop the G10 pile in muted Asia-Pac trade. Broader activity is limited by a market closure in Japan, in observance of a local public holiday. The initial AUD weakness may have stemmed from Australia's daily Covid-19 cases topping 100,000 for the first time over the weekend.

  • Spot USD/CNH has edged lower, probing the water below Friday's trough, even as the PBOC set the yuan reference rate 14 pips above sell-side estimate.
  • EZ unemployment, Norwegian CPI & final U.S. wholesale inventories headlines today's data docket. The central bank speaker slate is virtually empty.

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