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Muted Start Across G-10 FX


There has been a muted start across G-10 FX on Tuesday, ranges have been narrow with little follow through on moves.

  • AUD/USD is dealing at the $0.67 handle this morning. March Household Spending rose 8.0% up from a fall of -0.1% in February. Bulls target a break of the 50-Day EMA ($0.6736), on the downside support is seen at $0.6620 the low from April 10.
  • Yen is a touch firmer, US Treasury Yields are softer seeing USD/JPY marginally pare some of Mondays gains. USD/JPY prints at ¥134.30/40 ~0.1% softer today.
  • Kiwi is little changed from yesterday's closing levels. NZD/USD has been operating in a narrow 10 pip range with little follow through on moves.
  • Cross asset flows are also muted; e-minis are little changed this morning and 2 Year US Treasury Yields are down ~2bps.
  • The RBA minutes and China's Q1 GDP and monthly activity indicators headline in Asia. Further out we have UK Unemployment, German ZEW Survey and Canadian CPI.

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