Greenback retains extra combined to this point on the day

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Main currencies are principally little modified with commodity currencies holding a marginal advance whereas others aren’t actually doing a lot. The euro although is a contact weaker regardless of regional yields climbing. Earlier right now, ECB policymakers Kazaks and Knot stated {that a} charge hike by the center of the yr could also be a bit too hasty. That may very well be a motive pinning the one foreign money decrease.

EUR/USD is again down now to check its 100-day transferring common @ 1.1425:

EURUSD D1 07-02

A push again beneath that will likely be a little bit of a blow to consumers and the main target will then flip to the Fib retracement ranges in addition to the 100-hour transferring common, seen now @ 1.1355.

Elsewhere right now, the aussie and loonie are faring effectively with USD/CAD down 0.3% to 1.2730 however off earlier lows of 1.2710. AUD/USD is up 0.3% to 0.7100 with some hints of pushing and pulling since final week.

Total threat sentiment stays pretty extra pensive on the day with European equities holding a slight advance whereas US futures are combined and flattish for probably the most half. In the meantime, Treasury yields are a contact decrease so that’s nonetheless maintaining issues slightly extra guarded after having seen yields surge in the direction of the top of final week.

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