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Risk sentiment is in pretty good nick, supporting likes of sterling, aussie, canadian dollar and euro. S&P futures up 5 points.
EUR/USD came under some pressure early, taking out buy orders in 1.3900/10 area, which included Russia buy interest. Sources reported more buy orders lined up at 1.3880/85 and they were enough to provide support and a launch pad for a rally back to 1.3935 presently, a touch firmer from where we started the day. Sources note sell orders lined up at 1.4000/10. Pretty boring stuff.
Cable made the most of the benevolent risk environment. Having started out around 1.635o cable saw accelerated gains when sell orders at 1.6400 were filled and buy stops just above triggered, sending the pairing to a session high 1.6450. We’re presently off a little at 1.6435.
USD/JPY is a little firmer, up at 96.80 from an early 96.60, with the JPY seeing some across the board weakness against the backdrop of improved risk sentiment.
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