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Early risk-off was somewhat faded through....>

DOLLAR
DOLLAR: Early risk-off was somewhat faded through Asia as major FX currency
pairs witnessed a quiet session tied to narrow range trade. The USD sits
moderately firmer across the board (except JPY & CHF) at the European crossover
with the DXY holding toward the peak of its 97.26-35 range. On the topside bulls
need to clear the 97.70/80 area which has registered a series of previous highs,
before challenging the 98.00 level. Trendline off the Apr 2018 lows & the May 10
low provide initial support at 97.19/13, below here opens the 55-dma at 97.10.
- Gold pressured by the stronger dollar dipped $6 on the session, last at
$1284.70. Near-term support is seen at $1281.93/1279.41 which represents the
38.2% retracement of $1266.35-1291.56 & 21-dma. While a topside break of the May
8 high ($1291.56) is required to bring the 100-dma back into view at $1296.24.
- Brent & Crude pared early Asia losses to sit flat on the session.

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