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Early action is in FX

CROSS ASSET
  • Small round of selling in Treasuries, 1k sold in Tbond, but futures are fairly stable in low volumes.
  • Most of the early small action is in FX, with the underpinned USD, while the EUR struggles.
  • Next support in EURUSD is still at 0.9927 (50 day EMA), and below the latter would see Monday's low at 0.9898.

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