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USD Pairs Find a Base as Uptick In US Yields Stalls

EUR
  • EUR/USD, GBP/USD find a base as the nudge higher in the US 10y yield stalls at the daily high of 4.146% (more on Treasuries to follow). This puts the major pairs back to the midpoint of the Monday range, and awaiting further directional cues. Options interest is few and far between, with spot pinned between the closest two notable expiries at $1.0800-01 (E535mln) and $1.1000(E660mln).
  • Volumes so far Monday are a touch lacklustre, with EUR futures seeing activity ~25% below average for this time of day, with the theme consistent across most other G10 currencies.

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