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FOREX
  • Dust has settled a little on FX, after providing most of the early action during the European open, with more early bid going through.
  • The rally ran out of steam after the DXY tested above the big 104 level (20yr high), and also helped by more hawkish ECB comments, reversing some of the EURUSD weakness.
  • The USD is now mixed in G10, leading against the Aussie by 0.97% and down 0.23% vs the NOK, with the latter helped by the WTI making an attempt at $110.00 earlier.
  • USDCAD continues to trade around 1.2840.Recall, there's 1.47bn worth of expiry for today at 1.2840.Market participants, also await the Canadian employment data, which always provide some action for the CAD, unless we get an inline data.
  • Bottom of the hour, Bundesbank Chief Nagel. Non voter for the June meeting, voter in July, and a Hawk.

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