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Risk appetite spilled over through Asia,.....>

DOLLAR
DOLLAR: Risk appetite spilled over through Asia, underpinned by firmer equities.
The Nikkei 225 touched its highest levels since December, while the dollar sits
weaker across the board.
- The DXY closed below the 97.00 level on Friday and extended the downtrend o/n
holding toward the base of its 96.83-93 range. Bears downside focus remains on
the 50% retracement of 95.76-97.51 & 100-dma at 96.64/60. Up trendline support
off the Apr 2018 lows comes in just behind at Y96.58, ahead of the 200-dma at
96.05. Bulls need to consolidate above 97 to open the 97.30-50 resistance area.
- Strong Asia-Pac equity indices pressured gold overnight. The yellow metal
briefly traded under the 100-dma ($1288.59), before basing ahead of $1287. This
brings the Apr 4 low into view at $1281.45, ahead of channel base support &
38.2% retracement level at $1277.10/1275.59.
- WTI & Brent trade moderately lower, last 63.52/71.35 respectively.
- Quiet on the calendar today with main highlights from Empire mfg. The index
fell five points in March to 3.7 and revealed a reading below 10 for the third
month in a row. In April the index is expected to rise 8.  

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