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USD trades in the green against most G10s

CROSS ASSET
  • The Dollar is on the front foot in early European trade, a continuation from the overnight session, and risk drifting lower since the bond cash open, but pair/crosses trade within ranges.
  • There's similar ranges in Equity futures with the Estoxx (VGM3) trading in a 134 points range throughout April and May, and the same for the US Emini, 144 points for that duration.
  • Worst early performer is the AUD, but AUDUSD continues to trade either side of 0.6700 since late February.
  • Support moves up to 0.6621, ahead of the key 0.6565, the 2023 low and lowest print since November.
  • The Kiwi was in the green overnight, but trending towards flat now.
  • NZDUSD sees small support at 0.6223, followed by 0.6182, and 0.6161.

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