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E-Minis Limiting USD

FOREX

The bid evident in e-minis is seemingly limiting the USD in early trade this week, with the JPY chopping around, as USD/JPY moves back to near enough unchanged on the day.

  • NOK leading the charge among G10 FX this week, although conditions for that currency are particularly thin at this time of day.
  • A reminder that the official Chinese PMIs headline the regional docket in Asia-Pac hours on Monday, while holidays in London, the Philippines and Malaysia will limit luqiidty.
  • Also, month-end models point to USD selling, although the aforementioned London holiday may have front-loaded at least a portion of the re-balancing flow.
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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