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Greenback Pares Gains Post Treasury Announcement, USDJPY Drops 40 Pips

FOREX
  • Upward pressure for both equities and treasuries in the aftermath of the Treasury’s quarterly refunding announcement sees the USD index paring its prior advance on the session.
  • This has been most notable in the decline for USDJPY to fresh session lows at 147.26 in recent trade. Outperformance evident in the likes of Aussie and Kiwi sees further downward pressure on EURAUD and EURNZD, with the latter extending declines to 1.00% on the session.
  • Australian retail sales data is due overnight before Spanish CPI and other European GDP figures. In the US, JOLTS data and consumer confidence will cross before Wednesday’s Fed Decision & presser.

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