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USD: In the red going into the European session.

USD
  • As noted for multi cross assets overnight and in early trade, it seems that all markets, Govies, Equities, Rates and also FX have all brushed aside the latest Trump Tariffs threat, some desks might look for more concrete expectations.
  • The Dollar was down against all G10 overnight, the Kiwi was leading, up 0.44% despite the delivered expected 50bps cut and the RBNZ hinting at more easing.
  • Post the EU Cash Govie Open, the picture in G10 is fairly unchanged, the Kiwi is still up 0.39%, and leading within G10s.
  • Main upside area of interest is at 0.5750, the February high, and the best printed level since 18th December.
  • The USDJPY is seeing another volatile session, but trades within this early Week wide 151.24/152.39 (low/high) range.
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  • As noted for multi cross assets overnight and in early trade, it seems that all markets, Govies, Equities, Rates and also FX have all brushed aside the latest Trump Tariffs threat, some desks might look for more concrete expectations.
  • The Dollar was down against all G10 overnight, the Kiwi was leading, up 0.44% despite the delivered expected 50bps cut and the RBNZ hinting at more easing.
  • Post the EU Cash Govie Open, the picture in G10 is fairly unchanged, the Kiwi is still up 0.39%, and leading within G10s.
  • Main upside area of interest is at 0.5750, the February high, and the best printed level since 18th December.
  • The USDJPY is seeing another volatile session, but trades within this early Week wide 151.24/152.39 (low/high) range.