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Asian weakness continues amid narrowing yield
differentials, vis-à-vis the USTs. UST 10ys are already at 2.2%. USDSGD
was last seen past the mid-1.41 levels. Never mind the weakness in the EM
currencies, the dominance of the USD is starting to hit the G7 currencies
with EURUSD testing the 1.08, as we write. USDJPY was last seen around
107.30. Even GBP, the outperformer last week, is slipping past the
1.2550-level, off the 1.2674-high last Fri ...
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