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The USD trades in the red

CROSS ASSET
  • USD stays on the back foot as Europe comes in, helped by the Risk On tone.
  • December is now front Month in Equities and expiry today will be watched by Investors in Europe this morning and the US this afternoon.
  • VGZ3 test intraday high and next upside target will be seen at 4356.00 High Sep 4.
  • AUD is the best early performer in G10s vs the Greenback, up 0.39%, with Risk a supporting factor.
  • Next resistance is seen further out, at 0.6522.
  • Early focus is on the USDJPY, although off its best levels, USDJPY trades close to 147.87 the September high and highest print since last November.

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