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The USD holds firm across the board..........>

DOLLAR
DOLLAR: The USD holds firm across the board underpinned by firmer UST yields and
an improving DXY. Having found support at 94.29 from the 61.8% retracement of
93.71-95.24, DXY has squeezed back above 95 to extended highs of 95.20. The YTD
high provides next key resistance at 95.53, opening a move toward the 96 level.
AUD & NZD remain bottom of the G10 pile and continue to pare some of yesterday's
solid gains. AUDUSD last at $0.7358 with near-term support at $0.7338/28 (1.0%
envelope 10-dma, Bollinger band base). NZDUSD touched pullback lows of $0.6755,
stalling precisely at the 61.8% retracement of $0.6690-0.6859. USDCAD prints
C$1.3226, while EUR & GBP sit heavy at $1.1631/$1.3089. Gold continues its
downtrend to 12-month lows of $1224.03, expect support in the $1200-1205 region.

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