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Seeing broader base selling

USD
  • USD is coming under early pressure, testing session low against the CNY, CNH, AUD, EUR, GBP, JPY, KRW, SGD, CAD, ZAR, INR.
  • Bond futures have gained since the EU Cash open, following the big miss vs consensus in the German PPI, but moves are still somewhat limited, and we still trade within ranges.
  • Equities saw a delayed reaction to the data and ticked higher, led by Bonds.

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