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FOREX

Headline flow has been subdued so far and G10 FX have been happy to hold tight ranges. The greenback underperforms its peers from the basket, with the DXY ticking away from yesterday's highs, as e-minis have shaken off their earlier modest weakness. JPY has joined USD in ebbing lower. GBP also trades on a softer footing, despite little to rock the boat in local coronavirus/Brexit matters.

  • USD/KRW re-opened higher, catching up with yesterday's risk aversion, but has trimmed gains as South Korea's economy returned into expansion at a higher pace than expected.
  • Under the microscope today: U.S. Conf. Board Consumer Confidence & flash durable goods orders and comments from RBA's Debelle & Bullock, BoK's Chung & ECB's de Cos.

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