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The Dollar is in the red post Cash Govie open.

USD
  • Despite the higher Yields and risk tilted to the downside (Estoxx is only 5 points down), the Dollar trades in the red across G10, although still in the green overall in the past 5 days, aside from the CHF that is up 0.45% for that period.
  • AUD is the best early performer, up 0.39%, and has now gained 1.7% in the past four session, after it found support at 0.6286, printed on the 3rd, 4th, and 13th October, also the lowest level print since November, and now becoming a base.
  • Most market participants will continue to watch USDJPY that trades near, but failed to re test the 150.00 handle of late.

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