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CROSS ASSET: Bund falls 50 ticks, EUR gains

CROSS ASSET
  • A 50 ticks drop in Bund, after the German GDP beat expectations, but was revised lower, still Regional CPIs have so far come above prior readings.
  • Bund is still within Yesterday's range and the initial support is still seen towards 132.38.
  • The EUR has also benefitted from the Data beat has jumped over 20 pips against the Dollar, which is providing wider pressure into the Greenback.
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  • A 50 ticks drop in Bund, after the German GDP beat expectations, but was revised lower, still Regional CPIs have so far come above prior readings.
  • Bund is still within Yesterday's range and the initial support is still seen towards 132.38.
  • The EUR has also benefitted from the Data beat has jumped over 20 pips against the Dollar, which is providing wider pressure into the Greenback.