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CROSS ASSET: USD Fades Off Session Highs as E-mini S&P Steers Clear of Support

CROSS ASSET
  • Recovery in equity futures off lows mirrors the drift off highs for the greenback, putting GBP/USD and EUR/USD off daily lows into the NY crossover. E-mini S&P recoups around 15 points off the morning low to steer clear of any test of the post-NFP print down at 5329.00, however the index sees little support from the US 10y yield, which holds close to daily lows. 
  • EUR/USD stabilising at these levels keeps spot within range of the more sizeable expiries rolling off at today's cut, with E1.75bln expiring today between 1.0750 - 1.0775. 
  • Scant speeches or data to point toward for the duration of the Monday session, with just the NY Fed's inflation expectations survey scheduled at 1600BST/1100ET. 

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