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Some reversals across the board

CROSS ASSET
  • Cross assets are reversing the early European price action.
  • Equities are bouncing to the intraday highs.
  • Govies and STIR are underpinned and finding a bid.
  • After being in the green against all the majors overnight and in early trade, the USD fades, taking its cue from the move in Equities.
  • Gold rallies back and break session high following the fade in USD.

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