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Commodity-Tied Dollar Bloc Leads

CROSS ASSET

A steady grind higher for the likes of the AUD, NZD & CAD over the last couple of hours. This comes as crude oil futures and e-minis regain some poise in Asia-Pac trade, which is facilitating the broader bid in currencies within the commodity-tied dollar bloc. Note that headline flow has been light over that timeframe, which may point to fresh positioning in risk assets on the part of regional participants.

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

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