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BBDXY Through Friday’s Peak Post-Data

FOREX

Firmer than expected U.S. data, in the form of the Empire manufacturing survey (albeit with softening expansion in the inflation components), allows the broader USD (BBDXY) to breach Friday’s best levels, pulling USD/JPY back above flat on the day as the early Monday move lower in that cross is more than unwound on Tsy yield swings. The Antipodeans continue to struggle in light of the softer than expected Chinese Y/Y Q2 GDP data, finding themselves at the foot of the G10 FX performance table.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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