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Greenback Reverses Day's Gains Into WMR Fix

FOREX
  • Greenback fading through the WMR fix, most notably in EUR/USD, which recovers well through the overnight and late NY highs of 1.0699 and 1.0705. Modest uptick in volumes on the move, with 2,300 contracts changing hands in EUR futures to help trigger (cash equivalent of ~$310mln).
  • Greenback slippage following yields here, with the 10y yield showing below yesterday's lows and just through 4.54%.

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