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Lowest level for DXY since January

CROSS ASSET
  • The US Dollar continues to fall, as Yields retrace lower and Risk being firmly on, DXY fell to its lowest level since mid January.
  • Indices have seen new record highs for Stoxx600, DAX, CAC, SPX. NDX Yesterday, and Estoxx (SX5E) extended gain to new 24 years high.
  • The SEK is up 2.51%, AUD 2.09%, with the Greenback in the red across the board and against all the majors for the last 1 month period.
  • Only TWD and the CHF are down for that period, 0.24% and 0.41% respectively.
  • Today the Dollar is showing mostly flat against G10, AUD is up 0.11% and the NOK down just 0.07%.
  • Closest early tech is in Cable, with the next immediate resistance seen at 1.2827 High Dec 28 and the bull trigger.

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