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Risk appetite underpinned overnight with.....>

DOLLAR
DOLLAR: Risk appetite underpinned overnight with solid gains seen across G10.
JPY underperformed and encountered fresh pressure at the Tokyo fix via Japanese
real money accounts. USDJPY squeezed to Y110.93, but has since pared light gains
to the Y110.60/65 area.
- The DXY topped out at 97.30 yesterday, before fading. Pullbacks have so far
remained shallow and keeps the recent uptrend intact. Bulls target a break of
the Mar 11 high at 97.45, ahead of a run at the ytd high at 97.71.
- Gold's sharp reversal back through $1300 yesterday triggered reported stops.
The heavy tone spilled over into Asia with the downtrend extending to $1286.81.
This brings the Mar 7 low & 100-dma into view at $1280.94/17. 
- WTI & Brent both sit moderately higher, off their best levels of the session.
- Month/quarter-end today with bank models suggesting mild USD sales. SOMA
redemption day as well, but seen light with only $10.3bn rolling off.
- US Core PCE/Personal Spending due up at 1230GMT, MNI Chicago PMI follows at
1345GMT. The reading was 64.7 in February and is expected to amount to 61 in
March. New Home Sales & Michigan Sentimnet Index are released at 1400GMT. 

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