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USD remains the focus, US 10y back above......>

FOREX
FOREX: USD remains the focus, US 10y back above 3%.
- USD regained its poise overnight and throughout the European morning on
extended react to US President Trump's Iran announcement. A USD led rally was
supported by the US 10y move back above 3% and the DXY printing fresh 2018 highs
of 93.41. Oil also climbed to multi-year highs.
- EURUSD printed fresh YTD lows of $1.1823, GBPUSD touched $1.3499.
- JPY remains the weakest in G10 against the USD with decent gains seen via the
crosses. GBPJPY remained well supported with market talk suggesting the demand
was linked to the Takeda/Shire M&A deal. CADJPY firmed with stronger oil prices
to Y84.83 and approaches double top resistance at Y84.95/05.
- The broader-based USD pressured AUD to 11-month lows of $0.7412, NZD took out
exporter demand through $0.6950 with main focus on tonight's (2100GMT) RBNZ rate
decision and first press conference for new Governor Orr, unchanged expected.
- EM's under pressure saw USDTRY extend to record highs of Try4.3743, followed
by a sharp 9 big fig pullback after the central bank increased the swap auction
amount. SEK & HUF CPI were both in-line with expectations.  

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