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MYR

Firmer Start

FOREX

AUD Leads G10 Pack, Volatility Subdued

US TSYS

Marginally Cheaper Early On

AUSSIE BONDS

YM Nudges Lower On Lack Of YCT Purchases

RBA

ACGB Purchase Offer Details

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  • Markets are largely consolidating early Friday, with equities reversing a small portion of the solid gains posted over the past few days, working in favour of haven currencies and against high beta growth FX. As a result, the USD trades firmer alongside the JPY, while the AUD and NZD are the poorest performers on the day.
  • German IFO data for September came in mixed, with expectations beating forecast while the current assessment and business climate components came in just below. EUR/USD was little changed and holds close to the week's best levels but still below key resistance at the 1.1786 50-dma.
  • The data calendar thins out headed into the weekend, with just August New Home Sales left on the docket.
  • There are a number of ECB and Fed speakers on the docket, with ECB's Elderson, Lane, Fed's Powell, Clarida Mester, Bowman, Bostic and George on the schedule.