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In the green against all the majors

USD
  • Although the Pound has been the notable mover on the EU Govie cash open, with Cable falling some 50 pips, after UK CPI missed consensus, the Pound isn't the worst performer against the Dollar in G10.
  • AUD is down 1.16% and testing the 0.6900 handle vs the Dollar, and trades in the red across the Majors, following Lowe's comment, about not resigning.
  • European Equities also gaped lower, keeping the USD underpinned, and in the green against all the majors.
  • Monday's low in AUDUSD comes at 0.6886, but some market participants will look at 0.6856, the February low and lowest print since the 6th January, for initial support.
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