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Paring losses

USD
  • The Dollar continues to pare some of its overnight losses after trading in the red against all the majors, with the Risk On tone keeping the lid on the Greenback.
  • USD is now closer to flat against all G10 after Estoxx fails once again to clear the Psychological 4700.00 level in VGH4, printed a 4703.00 high but is now at session low and over 20 points off that level.
  • AUD is still the best performer, initially bid on the Risk On tone and the Hawkish RBA tilt, but AUDUSD has fallen a small 20 pips in the last two hours, taking its cue from the price action in Equities.
  • DXY test session high, EUR (most weighted) is testing its intraday low, and support in EURUSD is seen past Yesterday's low at 1.0712 61.8% retracement of the Oct - Dec bull leg.

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