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- Market activity starts to pickup following the Wall Street opening bell, with the USD taking a decent move lower in recent trade to prompt new session lows vs. EUR, GBP, AUD and others.
- No headline or newsflow behind the latest move, with greenback likely taking the lead from new strength in equity markets as the e-mini S&P takes another leg higher towards Friday's alltime highs.
- Volume has been relatively low so far Monday, with the uptick in volume on the latest move comfortably the best activity of the session so far.- Just shy of 10,000 EUR futures crossed on the latest move in EUR/USD, cash equivalent: $1.4bln.