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Greenback Marginally Firmer In Early Asian Trade

FOREX

The USD is a touch firmer on Tuesday morning, the greenback is continuing its move seen in the NY session as its pared early losses to finish a touch higher. BBDXY is up ~0.1% today.

  • Yen is marginally pressured, USD/JPY prints at ¥135.25/35, up ~0.2% today. Japan's Labor Cash Earnings were a touch softer than expected and Household Spending fell 1.9%, an increase of 0.8% was expected.
  • Kiwi has trimmed some of yesterday's gains, NZD was the standout performer in the G-10 space at the margins on Monday. However a narrow 15 pip range has been observed thus far, NZD/USD prints at $0.6335/40 ~0.1% softer today.
  • AUD is little changed from Mondays closing levels, narrow ranges have been observed with little follow through on moves. CBA Household Spending is trending lower as higher rates and cost-of-living pressure weigh.
  • Elsewhere in G-10 EUR and GBP are both down ~0.1%.
  • Cross asset wise; e-minis are down ~0.1% and WTI futures are down ~0.3%. US Treasury Yields are little changed across the curve.
  • There is a thin data calendar today, China's Trade Balance provides the highlight in Asia.

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