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Modicum Of Caution Persists

FOREX

The Australian dollar has ebbed lower, while the yen has garnered some strength, as renewed Omicron worry has reverberated in Asia. AUD/JPY has probed the water below where it bottomed out on Thursday. Most recent headline flow has been fairly lacklustre, providing little in the way of notable catalysts.

  • Spot USD/CNH has held a tight range after Thursday's surge inspired by the PBOC's decision to hike their FX RRR by 2 percentage points.
  • November U.S. CPI headlines the global data docket today, with German and Norwegian inflation data also due. ECB's Lagarde, Weidmann, Villeroy, Panetta & Elderson are set to speak.

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