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Muted Start In G10 FX, AU Data Still To Come

FOREX

It has been a fairly muted start in the G10 FX space for Monday trade. Most currencies are down a touch against the USD, with the exception of the yen. The BBDXY was last near 1245.25, little changed and down slightly from Friday highs in NY trade near 1246.

  • A reminder that cash tsys are closed today for the US Labor Day holiday observance. US 10yr Dec futures sit at 110-16, -02+, in tight ranges so far. US equity futures are close to flat as well.
  • USD/JPY sits near 146.15, slightly down on NY closing levels from Friday. The range so far today 146.02/146.26.
  • AUD/USD is near 0.6450, tracking tight ranges to date. We do have Melbourne Institute inflation data coming up for August, followed by Q2 GDP inputs in terms of inventories, company profits and then August ANZ job ads.
  • NZD/USD is near 0.5940, down a touch for the session. The Q2 terms of trade was +0.4% q/q, versus -0.1% forecast and -1.5% prior.
  • EUR/USD is at 1.0775.

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