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Govies and FX

CROSS ASSET

Continued mixed price action in Govies and Equities as the Globe awaits the Johnson-VDL at 19.00GMT, and on the other side of the pond, US stimulus progress.

  • US, German, and UK curve are all leaning bear steeper.
  • Most the action has been in FX and the Pound, as market participants positions for a breakthrough on Brexit.
  • GBP is up 0.70% against the Greenback.
  • But AUD remains the best performing currency in G10 versus the Dollar, on US stimulus hope up 0.88%, and trading at levels not seen since 2018.
  • Next MNI tech resistance in AUDUSD comes at 0.7484 High Jul 9 and 10, 2018

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