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Greenback Ticks Higher In Asia

FOREX

The USD has pared some of Thursday's losses as US Treasury Yields tick higher, aiding a mild bid in the greenback.

  • Yen is the weakest performer in the G10 space at the margins. USD/JPY has firmed above the ¥139 handle, last printing ¥139.25/35. On the wires early in the session M2 Money Supply rose 2.7% Y/Y in May and M3 Money Supply rose 2.1%.
  • AUD/USD is also pressured, the pair is now dealing below the $0.67 handle. The pair was unable to break recent highs in early dealing and ticked away from session highs marginally extending losses as we approach the London session.
  • Kiwi is a touch lower however ranges have been narrow with little follow through. NZD/USD has dealt in a narrow ~15pip range for the most part of today's Asian session.
  • Elsewhere in G-10 EUR and GBP are both down ~0.1% reflecting the broader USD move.
  • Cross asset wise; 10 Year US Treasury Yields are up ~1bp and e-minis are ~0.1% softer. BBDXY is ~0.1% firmer.
  • The data calendar is thin today, the latest Canadian employment report provides the highlight.

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