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FX SUMMARY

FOREX

A mix start for the USD, after being better bid overnight, led by small risk off during the Asian session after Chinese data missed expectation.

  • The dollar is up against most G10, besides the JPY, EUR and GBP.
  • The British Pound has been supported, as the UK enters the next steps of re-opening when the rule of 6 ends.
  • Groups of up to 6 people or people from two households can meet up indoors.
  • Outdoors, groups of up to 30 are also allowed., a green light for pubs and restaurants to serve indoors, and hotels, museums, theaters, cinemas and stadiums are reopening.
  • Kiwi is under pressure this morning, a continuation from the Asian session, with desk reporting leverage fund selling interest, unwinding some of last Friday's rally.
  • NZD has since pared some of its overnight losses against the Dollar.
  • But the Kiwi is till down 0.51% on the session, but off the lows.
  • Further pullback would eye Friday's high at 0.7256 (0.7251 is today's high), now at 0.7212.
  • Looking ahead, very little in terms of data, speakers include US Fed Clarida and Kaplan

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