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Safer Currencies Remain Under Pressure

FOREX

Safe havens remain out of favour, with trading ranges fairly tight across G10 FX pairs. The U.S. dollar index (BBDXY) has slipped, with JPY and CHF also sitting near the bottom of the G10 pile.

  • U.S. e-mini futures remain afloat, supported by a post-market surge in Netflix shares, with the company reporting a smaller than forecast subscriber loss.
  • The Aussie has shown a muted reaction to comments from RBA Gov Lowe, who pointed to more rate hikes being on the horizon.
  • Inflation data from the UK & Canada as well as U.S. existing home sales & flash EU consumer confidence will hit the wires later today.
  • Italy is gearing up for the next episode of its political saga, with PM Draghi expected to address the upper house at 9:30 CET.

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