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USD firms with UST yields, Carney remarks.....>

FOREX
FOREX: USD firms with UST yields, Carney remarks pressure GBP
- The USD firmed across the board with most majors at or testing daily lows.
- Soft UK Retail Sales saw Gbp/Usd witness a 3rd day of consecutive losses to
$1.4161. The pair did stage a recovery through NY before stalling at $1.4246
(Apr18 high). A firmer USD led by UST yields dipped under $1.4200, BOE Governor
Carney remarks in a BBC interview that said Brexit uncertainty could delay
interest rate rise extended the corrective pullback to $1.4079.
- AUD & NZD were the biggest G10 losers against the USD, down 0.78% & 0.76%
respectively. Having squeezed to $0.7813, Aud/Usd witnessed a bearish outside
day with a sharp move lower through the 100-dma to $0.7723. NZD tracked the
move, falling a near 80 pips to NZ$0.7263.
- Mild risk-off with equities lower and a stronger JPY saw the crosses take
advantage, Eur/Jpy eased to Y132.36 stalling just shy of the 200-dma (Y132.28).
GBP, AUD & NZD/JPY were also big fallers.
- The overriding strong USD theme took Usd/Cad through the 200-dma to C$1.2671.
- Eur/Chf briefly traded above Chf1.20, but was quick to fade.

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