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The DXY trades marginally higher thus far,....>

FOREX
FOREX: The DXY trades marginally higher thus far, but has consolidated below the
90.00 level.
- The JPY has been the outperformer, with risk sentiment dampened, while the
commodity currencies have edged lower against a backdrop of impending US trade
tariffs, the risk off tone & slightly softer than exp. Chinese data.
- Elsewhere the EUR has been choppy, but trades flat against the USD, while
cable has edged lower.
- From a technical perspective the failure around the 55-DMA and ahead of the
91.011 resistance left a bearish key day reversal in place with the close below
90.080 shifting initial focus to 89.442.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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