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FOREX SUMMARY

FOREX

USD holds onto its bid tone, as US Jobless disappoints.

  • EUR and GBP lost ground post the US data, as broader base safe haven USD buying was favoured during the afternoon session.
  • US cash equity opened on the back foot, benefiting the Greenback.
  • NOK moved lower as WTi dipped back below $42.00, led by the risk sentiment.
  • NOKSEK is 0.9732 at the time of typing, with initial support seen at 0.9703.
  • NZD extended losses against all majors, beside the BRL
  • In G10 NZD is now down 1.33% against CHF, and Despite the lack of reaction overnight following the RBNZ Asst Gov Hawkesby, who largely stuck to familiar messaging of New Zealand's central bank, noting that policymakers are preparing to use policy tools including negative interest rates if needed.
  • NZD saw better selling continuation. and AUDNZD tested the 1.1000 mark once more.
  • AUDNZD trade at 1.1000 at the time of typing, ahead of Tuesday's high at 1.1044.
  • USDTRY rallied 4 big figures as CBRT left their rates unchanged at 8.25%, but the pair lacked momentum and failed to test yesterday's high 7.3865 (traded 7.3546 high on the day)

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