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Front end have cleared yesterday's lows

EURIBOR
  • ERM3 and ERU3 have fully cleared yesterday low, with the white strip the most under pressure, as the street fully unwind less aggressive hikes from the ECB coming on Thursday.
  • The Green strip is also losing some ground and edging towards flat in the early session, but still leaning flatter on the short end curve.
  • Monday's low in ERM3 is at 96.285 and ERU3 at 96.12.

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