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USD takes another leg lower

CROSS ASSET
  • Cable is through new highs, but this is more a function of the Dollar, taking another leg lower, with Risk firmly On.
  • EURUSD also towards 1.0650, which will be watched by market participants, with decent Options expiry at that strike
  • In Bonds, Gilt has closed part of the upside gap and has so far perfectly tested that next Yield level noted at 4.370% = 94.60.

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