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Muted Start Across G-10 On Monday

FOREX

Ranges have been narrow with little follow through across G-10 FX in a muted start to the week's trading on Monday. A reminder that liquidity will be affected due the closure of US markets for the observance of a national holiday.

  • AUD is marginally pressured, sitting at the bottom of the observed ~20 pip range in early dealing, last printing at $0.6865/70. Resistance comes in at $0.69, high from June 16 and support is at $0.6818 high from May 10.
  • Kiwi is also a touch lower last printing at $0.6225/30. In May PSI rose to 53.3 and the prior read was revised higher to 50.1.
  • USD/JPY briefly printed through Friday's high, however resistance was seen ahead of the ¥142 handle. The pair now sitting little changed from Friday's closing levels.
  • Cross asset wise; US 10-Year Tsy Futures are a touch firmer as is BBDXY. E-minis have pared early gains to sit unchanged. WTI futures are ~0.7% lower.
  • There is a thin data calendar today, with no data of note scheduled to cross.

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