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USD Firms In Asia As Treasury Yields Tick Higher


The greenback has gained in Asia, US Treasury yields have ticked higher through the session aiding the USD bid.

  • Kiwi is the weakest performer in the G-10 space at the margins. NZD/USD prints at $0.6225/35 down ~0.4% today. Q4 Terms of Trade printed early in the session at 1.8%, rising from -3.4% prior.
  • AUD/USD is ~0.2% softer, last printing at $0.6740/45. Weaker than expected Building Approval weighed at the margins, January measure printing at -27.6% vs -7.0% expected.
  • Yen is softer, USD/JPY prints at ¥136.40/50 ~0.2% firmer today. Q4 Capital Spending rose 7.7% a touch above expectations, whilst Company Profits was below expectations printing -2.8% vs 8.4% exp.
  • EUR and GBP are both down ~0.2% as the broad based USD bid weighs.
  • As noted, US Treasury Yields have ticked higher in Asia. 10 Year Yields are holding above 4%. Regional equities and US Equity futures are softer. The Hang Seng is ~0.5% lower and e-minis are down ~0.4%. BBDXY is ~0.2% firmer.
  • In Europe today Eurozone CPI and unemployment headline, further out we have US Initial Jobless Claims.

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