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Marginally Firmer In Early Trade, CPI & PPI Tomorrow Headline Week's Data

CNH

USD/CNH deals at 6.87/88, ~0.1% softer in early trade on Monday.

  • The pair finished ~0.1% softer on Friday, gains were briefly pared in the wake of the NFP print however CNH rallied in late trade to finish the day firmer.
  • Technically we continue to consolidate, dealing in narrow ranges. On the downside 2023 lows at 6.6975 remains the target for bears. Bulls look to retest the 7 handle.
  • March Official CPI and PPI data due tomorrow headlines the week's data print. We also have March Export data due on Thursday.

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