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​USD Higher On Risk Aversion Flows

FOREX

The USD has regained ground as some risk aversions flow go through the market. Moves are not large but that is still the clear trend, with NZD and NOK down by around 0.4% against the USD. NZD/USD sits back at 0.5965. AUD/USD is back close to 0.6700, at session lows.

  • There is no obviously headline driver, but Bitcoin is down through 19k, while US equity futures are back in negative territory. This is driving risk aversion flows in the FX space, with regional equities in Asia Pac also lower.
  • UST futures are around session lows as well. This latter point is keeping USD/JPY elevated, last at 143.15/20, with the risk off in the crypto/equity space not providing much relief for JPY at this stage.
  • EUR/USD is back down through parity.
  • USD/CNH is back higher close to 7.02, and USD/KRW has regained the 1390 level.

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