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USD is paring some gains

CROSS ASSET
  • The Dollar still trades in the Green but has also reversed some of its overnight bid, as it acted as a Safer Haven on War escalation Risks, following report of an Attack on Iran from Israel.
  • Only the Yen and the CHF are in the Green against the USD (safe haven), but overall, in the grander scheme of things, the Dollar is still king on the lower expected pace in Fed cutting its Rates.
  • NZD and AUD were the worst performers, but FX is seeing similar price action, that is seen in Commodity (Oil), Govies and Equities, as FX Pairs/Crosses unwind the Risk Off sell off.
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  • The Dollar still trades in the Green but has also reversed some of its overnight bid, as it acted as a Safer Haven on War escalation Risks, following report of an Attack on Iran from Israel.
  • Only the Yen and the CHF are in the Green against the USD (safe haven), but overall, in the grander scheme of things, the Dollar is still king on the lower expected pace in Fed cutting its Rates.
  • NZD and AUD were the worst performers, but FX is seeing similar price action, that is seen in Commodity (Oil), Govies and Equities, as FX Pairs/Crosses unwind the Risk Off sell off.