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EURSEK record high holds

FOREX
  • EURSEK has failed to break the record high, but traded very close this morning, as market participants favoured fading.
  • Some of the movese in the EUR against the SEK, has been attributed to potential divergence on the rate paths for the Riksbank and the ECB, with some desks hoping for a stop after June from the Riksbank, while the door is still ajar for the ECB past July.
  • The USD is down 0.24% against the Yen, after the USDJPY perfectly tested the resistance at 142.25, was the 21st and 22nd November highs.
  • And USDJPY now hovers 20 pips off the lows at the time of typing.
  • The Dollar is circa flat against the EUR, SEK, CAD, GBP, and still leads against the Aussie, up 0.80%, following the Dovish RBA minutes overnight.
  • Looking ahead, there's no tier 1 data, with most desks awaiting on the UK inflation tomorrow.
  • There are still more scheduled speakers, which includes ECB Vujcic, Simkus, Guindos, Riksbank Thedeen, Fed Bullard, Williams, Barr.
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