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Holiday Thinned Trade

FOREX

AUD is top of the pile in early trade, the rate higher from the open and building on Friday's gains. NZD has come under some pressure due to the announcement of snap lockdowns in parts of Waikato, the Cabinet is scheduled review Alert Levels in Auckland today.

  • In Japan political matters continued to dominate local news flow over the weekend, with LDP Secretary General Amari pointing to the need for the compilation of a large extra budget immediately after the upcoming general election. Still, greater details surrounding matter, including the size of the package, remain unknown.
  • A reminder that Chinese markets will be closed today, and will not return until Friday owing to the observance of national holidays. South Korean markets will also be closed on Monday owing to the observance of a national holiday.In addition there are widespread holidays in Australia today which will suck liquidity from the Asia-Pac timezone. There isn't anything in the way of tier 1 risk events slated during Asia-Pac dealing. Monday's U.S. docket will be headlined by Fedspeak from Bullard, with final durable goods data also due.

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