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Risk-on the overriding theme through NY -.....>

FOREX
FOREX: Risk-on the overriding theme through NY
- The DJI staged an impressive 1100 point swing off Wednesday's opening low as
persistent USD demand kept risk firmly on the table.
- Usd/Jpy reflected the positive start to US equities and was quick to take out
reported offers through Y107.20. The rate extended to 5-week highs of Y107.49,
before fading.
- The strong USD particularly hit EUR & GBP hard. Gbp/Usd traded sub $1.40,
triggered stops through $1.3975 on the move to $1.3966. Eur/Usd took out key
trend-line support to print lows of $1.2218.
- CAD briefly made a show above C$1.2800 after soft domestic trade data, but was
quick to pare losses after Canadian PM Trudeau said NAFTA talks are moving
forward in a significant way.
- AUD & NZD held near the base of their respective ranges, last
$0.7683/NZ$0.7269.
- Traders look ahead to tomorrow's NFP release with main focus expected on the
AHE component for direction. Canadian jobs data is also scheduled for release. 

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