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The USD encounters renewed pressure into......>

FOREX
FOREX: The USD encounters renewed pressure into Europe with added weight from
soft UST yields (10y 2.8638%). USDJPY eases to Y109.81 and seen approaching
support from the Asia low (Y109.77). EUR & GBP pare early losses but still
continue in narrow range trade. As previously mentioned, EURUSD could be held
hostage to the number of expiries rolling off for today's NY cut. AUD, NZD & CAD
continue to display bearish technical signals.  

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