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CROSS ASSET

Nothing In The Way Of Notable Reaction To Chinese Data

US TSY OPTIONS

TYZ1 130.00 Puts Blocked

US TSYS

Edging Away From Lows

AUD

Iron ore dropped on Monday, markets digesting China's trade data which added to indications that demand for the metal could decline amid a negative outlook on output and pollution reduction measures. Trade data showed imports slowed the lowest level in 12 months in May. China has also targeted speculators in a bid to reduce inflation pressures led by commodity gains. Iron ore currently up 0.83% in Singapore after falling 2.6% on Monday and over 1% on Friday.