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Little Meaningful Moves In Early Trade, Australian Data Crosses Shortly

FOREX

Moves across G-10 FX have been limited in early trading with little meaningful moves observed thus far.

  • Yen is marginally softer, USD/JPY last prints at ¥13.25/35. Final read of Jibun Bank Mfg PMI is on the wires shortly, there is no estimate and the prior read was 47.4.
  • AUD/USD is little changed from yesterday's closing levels, a narrow range has been observed and moves have been limited. There was little reaction to the final read of Judo Bank PMI, which printed 50.5 ticking higher from the prior read of 50.1.
  • Kiwi is marginally softer, NZD/USD has dealt in a narrow $0.6175/80 range today. AUD/NZD is holding below $1.09 handle, last printing $1.0880/90.
  • GBP is marginally firmer and EUR is unchanged from yesterday's closing level.
  • Cross asset wise; US Equity futures are softer, e-minis are down ~0.4%. BBDXY is marginally firmer and 10 Year US Treasury Yields are up ~2bps.
  • Jan CPI alongside Q4 GDP from Australia which will cross shortly, as well as Official PMIs from China, headline in Asia-Pac hours today. Further out final Eurozone Manf PMI, US Construction Spending and the ISM Manufacturing Survey will cross.

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