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FOREX

USD & JPY sit atop the G10 FX pile in early trade this week, with broader Omicron worry (given the widening of and the potential for further lockdowns in Europe) denting risk, while U.S. Democratic Senator Manchin’s roadblock of President Biden’s cornerstone Build Back Better scheme is also weighing on broader risk sentiment. AUD & NZD fall to the bottom of the G10 FX table on the broader “risk-off” feel, while GBP is also underwater owing to fresh headwinds for PM Johnson (Brexit Minister resignation, Tory “sleaze” woes surrounding the breach of lockdown rules by party officials and the potential announcement of COVID restrictions in the coming days).

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

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