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USD demand continued in early Europe aided...>

DOLLAR
DOLLAR: USD demand continued in early Europe aided by a firmer DXY which
squeezed to 92.68. USDJPY moved back above Y109, touched recovery highs of
Y109.22 before stalling ahead of resistance from the May4 high (Y109.27). EURUSD
eased to $1.1942 before fading, support at $1.1937 (61.8% $1.1911-1.1978). Soft
German Factory Orders keep a lid on the pair. AUDUSD pared overnight gains to
$0.7512, Kiwi mirrored the move to $0.7011. Light flow and narrow range trade
expected to continue today with the UK out on holiday. 

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