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USD remains on the backfoot

CROSS ASSET
  • Pretty stable in FX, but the Dollar remains on the back foot in G10s, following the Risk On tone.
  • Govie futures have also recovered from the lows and trade mostly circa mid ranges.
  • The notable move is still in the Kiwi today, still extending gains versus the Aussie.
  • AUDNZD still eye 1.0825 next.

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