January 13, 2025 22:56 GMT
FOREX: Majors Extend Early Gains Against USD, Yen Lags
FOREX
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G10 FX has extended gains that were evident at the NY/Asia Pac cross over. Lighter liquidity may be in play as we await Asian markets to swing into full gear. Outside of the earlier gradual tariff proposal reportedly being considered by the Trump administration (per BBG), headline drivers have been limited.
- AUD, NZD, GBP and EUR all sit around 0.30% higher for the session so far. NOK is up by 0.30% as well. AUD/USD is back close to 0.6190/95, NZD near 0.5600. GBP/USD is around 1.2240, EUR.USD back in the 1.0270/75 region.
- USD/JPY is lower but at 157.30/35 is trailing broader G10 gains so far (yen up just 0.10%). Likewise for USD/CAD, last near 1.4360
- USD/CNH is at 7.3400, up around 0.10% in CNH terms. USD/MXN is under 20.65, but hasn't shifted much since the NY close.
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