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Some big moves overnight

USD
  • The Dollar remains on the back foot in G10, as Yield falls further overnight, with Futures contracts across the globe rallying.
  • Best early performers are the SEK, CHF (safe haven bid), and the Pound (following the GDP beat, although IP and mfg production missed expectations).
  • The move for the UK is far more pronounced in Rates, with the SONIA strip gapping higher on the open, catching up with Global rate futures and Government Bonds.
  • SFIM4 (as an example), has gaped 13 ticks and sit 19.5 ticks up, huge moves.
  • The biggest mover has been the Yen, following the BoJ but USDJPY is unwinding some its gains since the EU Cash Govie open.

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