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Early European Trade Favouring Risk-Off


Early trade in FX favouring USD, JPY and haven currencies more generally - growth proxies suffering a little, with CNH, AUD, CAD all hitting the day's lows in recent trade.

Recent USD uptick not coinciding with any newsflow or headline and not seeing any spillover selling pressure in equities. E-mini S&P remains in the red but well off the overnight lows of 3765.25.

Earnings season continues today - larger reports due are:

  • JPMorgan at 1200GMT/0700ET
  • Wells Fargo at 1300GMT/0800ET
  • Citigroup at 1300GMT/0800ET
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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