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- The US 10y moved above 2.99% lending........>

FOREX
FOREX: - The US 10y moved above 2.99% lending support to the USD. Major currency
pairs sit at their respective daily lows and are looking vulnerable.
- Despite largely well received mfg/svcs PMI readings across Europe, the USD
held firm against the EUR triggering stops on the break of $1.2250 to $1.2234.
Next support is seen at $1.2215/06 (Apr6 low, 100-dma).
- Gbp initially found support via M&A activity, Takeda had reported to have
upped its bid for UK listed Shire to Gbp44bn. But, the stronger USD theme was
quick to pare gains with a move back under $1.40 to $1.3978.
- Weekend reports that NK leader Kim has agreed to suspend nuclear & missile
tests saw the JPY under pressure through Asia. This theme spilled over into
Europe, Usd/Jpy vaulted Y108 for the first time since February.
- Firmer copper prices (seasonal pick-up normally seen in Q2) supported Aud/Usd
overnight. The pair eroded gains through Europe and extended the corrective
pullback to fresh 2018 lows of 0.7637.
- Usd/Cad squeezed to C$1.2794, Kiwi moved through the 200-dma to NZ$0.7180.
- US data from mfg/svcs PMI and Existing Home Sales today. 

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