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The Pound is the early mover

USD
  • The Dollar saw a pretty much flat session pre EU Cash Govie open, Yen was leading, but just up a tiny 0.11%, and the Swiss Franc was sitting at the other end of the spectrum albeit just 0.06% down.
  • The early small mover is the Pound, underpinned and finding a broader small bid against the EUR, USD, JPY, which doesn't look to be a function of Dollar, more GBP targeted, still overall just a few pips moves.
  • Nonetheless, market participants will be watching the EURGBP looking the test the 0.8400 figure, managed a 0.8403 low Yesterday.
  • A clear break through the 0.8400 handle, opens to 0.8383, the July low, but also the lowest printed level since (04/08/22).
  • Despite some of the small early moves post EU Govie open, the Dollar is still mostly flat versus G10s.
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