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EUR pare gains

CROSS ASSET
  • The EUR bid was short lived, after being up against all majors (besides the SEK) in early trade, the EUR is now down versus the Pound, NOK, SEK, and CHF.
  • Cross assets still trade within past ranges.
  • Bund made an attempt at the upside gap situated at 157.86, so far printed 157.84 high.
  • Similar stories for Equities as in FX, with Futures now off the intraday high.
  • Latest China, US headlines, doesn't bode well for relations, not helping equities.
  • China Foreign ministry: "If Pelosi visit Taiwan, it will severely impact relations".
  • "US should immediately cancel Pelosi's plan to visit"

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