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ASIA FX: USD Weakness Continues, Led By EU Currencies

ASIA FX

USD losses continue as we approach the London/EU cross over with APAC, EU related currencies still lead the way. 

EUR/USD is above 1.0430, so through the 50-day EMA resistance point, albeit just. SEK is up over 0.60%, while NOK has gained close to 0.50%. AUD and NZD are also firmer but with a beta of around half of the EU currency moves. 

Yen is a notable laggard, little changed versus the USD, last near 154.50. EURJPY is abvoe 161.00. 

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USD losses continue as we approach the London/EU cross over with APAC, EU related currencies still lead the way. 

EUR/USD is above 1.0430, so through the 50-day EMA resistance point, albeit just. SEK is up over 0.60%, while NOK has gained close to 0.50%. AUD and NZD are also firmer but with a beta of around half of the EU currency moves. 

Yen is a notable laggard, little changed versus the USD, last near 154.50. EURJPY is abvoe 161.00.