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Dust Settles


Riskier currencies have got some reprieve, as post-Fed jitters have receded, while Apple's strong earnings report has helped push U.S. e-mini futures higher. Commodity-tied FX generally trade on a slightly firmer footing, albeit NZD struggles for any topside momentum. NZD/USD rejected support from yesterday's fresh cycle low.

  • The yen has lost shine as demand for safe haven assets has petered out. USD/JPY has extended gains, but yesterday's peak remains intact, as most major FX crosses hold tight ranges.
  • U.S. Core PCE Price Index & final U. of Mich. Sentiment, EZ sentiment gauges as well as flash German & French GDPs take focus from here, in the absence of any notable central bank speak.

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