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USD LEans On Tsy Yields For Support

FOREX

G10 FX pairs continue to operate in tight ranges, with the latest uptick in U.S. Tsy yields providing some light support for the greenback, while also promoting JPY underperformance.

  • Idiosyncratic risks for the Antipodeans, namely Sino-Aussie trade tensions and continued cyber-attacks on the NZX financial markets, are being at least partially negated by flows surrounding foreign demand for this week's ACGB & NZGB syndications, ahead of their respective settlements, which fall due next week.
  • USD/Asia is tight thus far, with USD/CNH edging lower, but operating within the confines of Thursday's range.
  • Nothing of real note slated for the remainder of the Asia-Pacific session, outside of Japanese PM Abe's heavily awaited address.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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