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EUR ebbs higher, but nothing impressive.......>

FOREX
FOREX: EUR ebbs higher, but nothing impressive given recent dollar move
-The greenback saw some firm support as US 10yr yields breeched the 3% level for
the first time since 2014 at the NY crossover, helping lift USD/JPY to
multi-month highs and back above Y109. The move, however, was short-lived as
higher yields and a poor set of bluechip earnings weighed on equities from the
off. Most major US indices traded lower by as much as 2% at some points in the
session.
-As a result, USD/JPY recoupled with stock markets, pressing the pair back
toward the Y108.50 level and helping relieve the major pairs (particularly
EUR/USD) from the day's lows.
-NZD/USD had another poor session, extending the losing streak to six
consecutive trading days as a balanced set of Australian CPI figures led to more
demand for AUD/NZD throughout the Asia session.
-Tomorrow, data is particularly light, leaving focus firmly on Thursday's ECB
rate decision and Friday's advance US GDP figures. Tomorrow also sees BoC's
Poloz and Wilkins appearing in Senate.

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