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The dollar sits marginally stronger across...>

DOLLAR
DOLLAR: The dollar sits marginally stronger across the board in early Europe
with solid gains registered against AUD (weak Chinese Caixin mfg PMI) & CAD/NOK
(softer oil prices). The DXY holds in the middle of its 95.53-65 overnight range
with topside focus on a break of the 100-dma at 96.15. Downside focus remains on
the 200-dma & yesterday's low at 95.31/16, a break opens a move towards the 95
level (95.02 - ytd low Jan 10). Gold extends the corrective pullback off
yesterday's multi month high ($1326.33) to $1317.07, near-term support remains
at $1301.69 from the 38.2% retracement of $1276.82-1317.07. Oil prices drifted
with WTI back under $54/barrel. Main focus in the US today on the jobs report.
US nonfarm payrolls were surprisingly strong at 312,000 in December. The MNI
median for January is notably weaker at 167,000. Focus also expected on the AHE
component for direction.

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