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Bonds are back to pre US PPI levels

CROSS ASSET
  • Bund is back below pre PPI levels, while TYZ2 is at pre data level.
  • European Equities are also fading, helping the USD bounce off the lows.
  • Despite the pull back in Cable, the British Pound remains underpinned against the Yen and the EUR.
  • Support in EURGBP comes at 0.8692 50-day EMA.

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