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USD weaker across the board - The dollar......>

FOREX
FOREX: USD weaker across the board
- The dollar was broadly weaker through NY after ratings agency Fitch warned on
the impact of tariffs and the Washington Post reported that some Trump advisors
see auto tariffs imposed this year.
- USDJPY broke below channel base support on react to the Trump headlines
touching Y110.83. Nikkei headlines the BOJ are to review allocation of ETF
buying, further pressured to Y110.67.
- The Washington Post story triggered renewed risk-off adding weight to JPY
crosses. EURJPY witnessed the biggest falls to Y129.41, GBP, NZD & AUD also
registered moderate losses.
- EURUSD moved back under $1.1700, GBPUSD slipped sharply to $1.3133.
- CAD held firm throughout the session on headlines that senators unveil bill to
delay auto tariff. USDCAD broke channel base support, moved through C$1.3100 to
print lows of C$1.3033. EURCAD traded below the 200-dma (C$1.5339), to C$1.5259,
while CADJPY comfortably held above the 100-dma.
- EURSEK continued its downtrend and moved through the 100-dma to Sek10.2770.

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