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In the red against most G10

USD
  • Its another red start for the USD, with Risk still firmly tilted to the On mode, US Cash SPX made another 2yr high Yesterday afternoon, and Emini today remains close to its contract high.
  • Besides the Volatile 196 pips range in USDJPY and the weakness in the Yen in general, as the BoJ kept its rate unchanged, G10 FX are mostly exchanging hands within limited ranges, 26 pips in EURUSD, Cable 40 pips, AUDUSD 27 pips.
  • The Kiwi is again the best early performer but has failed to clearly break the December high situated at 0.6249, printed a 0.6251 high Yesterday, highest print since July.
  • Above the latter, opens to 0.6274 and 0.6306.

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