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Mood Music Remains Positive

FOREX

The general risk tone has remained positive, with little in the way of fresh headline flow to alter the familiar narrative, resulting in some mild risk-on flows in early Asia-Pac trade.

  • The Antipodeans lead gains in G10 FX space, while JPY is the main laggard. That being said, all major crosses have been happy to hug tight ranges.
  • The global data docket is fairly thin today, while speeches are due from ECB's Villeroy & de Cos. The Fed are in their policy blackout.

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