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USD trades in the red

CROSS ASSET
  • The Dollar remains on the back foot, with the main focus in Equities, with tech leading yesterday.
  • Cash NDX tested its highest level since April 2022 yesterday and the cash SPX broke its August 2022 high.
  • Even VIX bounced, after trading at its lowest level since January 2020 on Friday, Vol is back towards 15.00.
  • This morning Equity futures are still underpinned bid, with desks positioning ahead of the US inflation data.
  • The SEK is the early best performer, but USDSEK trades well within Yesterday's range, and support is seen at 10.7408 Yesterday's low, now trading at 10.7771.

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