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FX SUMMARY- Dollar stays offered

FOREX

USD trade in negative territory in G10, albeit still flat against NZD, AUD and SEK.

  • US yields have drifted lower, providing some better selling interest in the Greenback.
  • It has been a mixed early session for the Pound, initially went bid on the Govie open, but fully reversed during the cash Equity open on Asos falling over 10% on profit warnings, hurting sentiment.
  • The pound has since, once again reversed its price action, with Cable back in the Green on the broader base offered Dollar.
  • Safe haven FX, CHF and JPY are leading against the USD in G10s, up 0.47% and 0.33% respectively.
  • Big selling in the German Dax, dragged Equities lower, following Siemens Gamesa falling some 15% on profit warning.
  • Equities have since recovered some ground.
  • Looking ahead, US, IJC, Phili Fedf and IP are the notable data.
  • Speakers include, ECB Lagarde and Yellen releasing podcast conversation, BoE Saunders, Fed Evans, and Powell this time before Senate,

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