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USD Remains Fragile


G10 FX space struggles to find a clear direction, as participants await any
firm catalysts. USD remains fragile, with DXY shedding a handful of
pips, yet still hovering above yesterday's worst levels. Antipodean FX
trade on the back foot and so do GBP & CHF. Regional docket is very
thin today, which turns focus to news and market flows, but there has been
little to rock the boat so far.

  • USD/KRW has played catch-up to yesterday's sell-off in USD and lost
    altitude, testing the water under Jul 22 low of KRW1,192.55.
  • Focus moves to U.S. Conf. Board Consumer Confidence, as well as Swedish
    retail sales and trade balance.

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