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It was a quiet start to the week, with US equities on a
weaker footing, dragged lower by Energy sector. Oil prices were softer
with WTI a little over US$43/bbl and Brent crude around the $44/bbl
handle, due to increased drilling activities and high inventories. In FX,
USD was broadly firmer against most AXJs and CAD but weaker vs. the JPY
on risk aversion in the run-up to FoMC/BoJ. We expect USD/AXJ to remain
broadly supported in subdued ranges as markets are likely to be on
wait-and-hold mo
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