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G10 FX In Risk-On Mode

FOREX

Firmer oil prices have lent support to commodity-tied FX in a muted start to the Asia-Pac session. Liquidity is drained by public holidays in China and South Korea and New Zealand's Auckland, with a couple of financial centres observing shortened trading hours.

  • The Aussie dollar leads gains, even as iron ore futures plunged in Singapore. The yen has been the worst performer among major currencies. Risk barometer AUD/JPY has moved away from a two-month low printed last Friday.
  • Advance EZ GDP, flash German CPI, U.S. MNI Chicago PMI & comments from Fed's Daly will take focus after Asia hours.

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