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In the red against G10s

USD
  • Overnight G10 FX saw the Dollar mostly in red territory, as US Tnotes reached its highest level since the US CPI print on the 13th February and the 10yr Yield touched its lowest level since 8th February Yesterday.
  • Despites some of the pullbacks in Yield, and the Overall Risk On tone, the Dollar is more mixed looking at the past Month, the SEK is up 1.27%, and the EUR 1%.
  • At the other end of the spectrum, CHF is down 1.62% and the Yen is still 1.11% lower for that period.
  • Post Cash EU Govie open, the Yen has taken over the AUD as the best early performer, following JiJi report that some BoJ board members are likely to say lifting negative interest rates is reasonable at the March meeting.
  • AUD is still the second best performer, up 0.28% and initial resistance in AUDUSD is at 0.6535.

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