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USD on top as inflation slows across Europe...>

FOREX
FOREX: USD on top as inflation slows across Europe
-Both UK and Eurozone inflation measures fell below expectations, hurting both
the GBP and EUR and helping lift the greenback to be the day's top performer in
the majors. EUR/USD and GBP/USD slipped below major psychological support at the
$1.2350 and $1.42 levels respectively as both March CPIs slowed considerably.
-For EUR/USD, Key medium term support remains at 1.2215 with the 100-dma at
1.2194. Gains back above 1.2413/14 needed to return some stability to the
near-term picture.
-USD/JPY trended higher across Asia on the continued climbdown in tensions on
the Korean peninsula, moving in tandem with global equities, with futures higher
across Asia, the US and Europe.
-Commodity currencies trade weaker primarily as a result of the stronger USD, as
both energy and metals markets continue to ebb higher.
-Focus for the rest of the session turns to Canada with the BoC rate decision,
which is expected to come in unchanged, followed by New Zealand CPI due
overnight.

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