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USD Marginally Pressured In Asia

FOREX

The greenback is marginally pressured in Asia today, however moves have a little follow through thus far as US CPI print comes into view.

  • NZD/USD is ~0.2% firmer, last printing at $0.6345/50. The pair continues to consolidate recent gains and sits at the top of today's narrow range.
  • AUD/USD sits at $0.6765/70 ~0.1% higher. Bulls look to target $0.6806 high from Apr 14 and key resistance. Support comes in at $0.6711 the 50-Day EMA.
  • Yen is little changed from yesterday's closing levels, there has been little follow through on moves with a narrow ~30 pip range observed in Asia.
  • Elsewhere in G-10 SEK is the strongest performer in the G-10 space at the margins, however liquidity is poor for the currency in Asia-Pac hours.
  • Cross asset wise, e-minis are up ~0.1% and the US Treasury Yield curve is a touch steeper. BBDXY is ~0.1% lower.
  • There is a thin docket in Europe today. Further out the highlight today is US Apr CPI print, the MNI preview is here.
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