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Bond extend, while USD reverse


Bund extends gains here while Estoxx gets hit.

  • Possibly some rebalancing flow, given the lack of traction, and no new headline or clear new early driver.
  • Also seeing mixed session in USD, with better earlier selling continuation, fully reversing led by risk.
  • DXY is hovering at the High and USD test session high versus the EUR, SEK, CHF, CNY, NOK, AUD, PLN, CZK and ZAR.

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