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The USD suffered light losses after US........>

FOREX
FOREX: The USD suffered light losses after US equites & Tsy yields drifted. The
DXY was the main driver at the NY crossover, the index touched highs of 91.919
but again failed to take out the 200-DMA (91.98). Minor USD sales started to
emerge on the back of the minor miss in US Personal Income data (0.3% vs median
0.4%).
- US Tsy yields retraced their earlier gains on a rebound in Middle East
tensions as Israeli forces struck Syrian targets & Israel called out Iran re:
clandestine nuclear operations. This saw equities turn negative & JPY demand.
USDJPY touched 109.09.
- EURUSD recovered off lows of 1.2064 & briefly made a show above $1.2100 before
fading. GBPUSD squeezed in tandem to 1.3786 but soon pared gains.
- The Antipodeans continued in a defensive manner, pressured by a weaker
commodity complex.
- USDCAD extended its corrective pullback to 1.2806, before dip buyers cushioned
falls.
- SEK's struggles continues after last week's Riksbank rate path adjustment.
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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