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Treasury yields keep lower so far on the session

Dollar gets no reprieve from softer Treasury yields 10-year Treasury yields are keeping with the break below 1.60% as they are seen down more than 2 bps to 1.559% currently. The low today hit 1.550%.

AUD/USD climbs to one-month high as dollar is seen weaker across the board

AUD/USD buyers look towards 0.7800 next AUD/USD is up 0.6% to 0.7780-85 currently and is trading to its highest level since 18 March, as buyers now take aim at the 0.7800 handle.

Eurozone February construction output -2.1% vs +0.8% m/m prior

Latest data released by Eurostat - 19 April 2021

BOE announces joint creation of central bank digital currency taskforce with UK Treasury

BOE says that it looks to coordinate the exploration of a potential UK central bank digital currency Not surprising as most major central banks are already taking steps in this direction and it will only be a matter of time before they pivot more strongly.

Gold continues march towards $1,800, capitalises on weaker dollar and softer yields

Gold is up 0.5% to $1,785 levels now Looking at the chart, gold is playing out as it should be on the break above resistance at $1,755 and since then, there isn't much turning back as price continues to look towards $1,800 and the 100-day moving average (red line) - now seen @ ~$1,804.

GBP/USD eyes early April highs as buyers stay in the hunt of a sixth straight day of gains

A weaker dollar is fueling the run in cable today So far, cable (or should I say the pound) has been keeping with on the good side with chartists as it is building on the bounce off its 100-day moving average (red line) and staying in the hunt of a sixth straight day of gains -

USD/JPY looks towards 108.00 as sellers look to forge the next leg lower

USD/JPY falls to a low of 108.16 on the day as the dollar slides It is all about the technicals and flows right now, as the dollar is losing ground across multiple avenues in that regard. The break above 1.2000 for EUR/USD is a key moment but USD/JPY is also seeing support at 108.34-41 give way,

Pfizer, BioNTech to supply EU with additional 100 million COVID-19 vaccine doses

Some added good news on the vaccine front for Europe EUR/USD trades at the highs for the day upon the break of 1.2000 earlier, now at 1.2020 as buyers eye the 100-day moving average @ 1.2051 next.

Eurozone February current account balance €25.9 billion vs €30.5 billion prior

Latest data released by Eurostat - 19 April 2021

SNB total sight deposits w.e. 16 April CHF 701.5 bn vs 701.3 bn prior

Latest data released by the SNB - 19 April 2021 Prior week's release can be found here. Little change in overall sight deposits, which continues to suggest that the SNB is staying away from intervening all too much as of late.

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