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Bids emerging

USD
  • A Full reversal for the USDCHF, now heading back to session, given the broader USD bid, despites the Risk On tone and lower Yields.
  • Fresh highs for the Dollar against the Pound, with Cable testing the 1.2100 handle, while CAD, NOK, SEK, AUD, NZD are all offered.
  • Scandies are still the worst performer in G10, and USDNOK still sees next resistance at 11.2751, followed by the more important Psychological 11.30.

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