Overnight, price action was incredibly choppy, but the bias was toward USD weakness. A less than feared, RBNZ rate cut by 50bps to 3%) and took NZD higher, setting the early tone for the G10, while sharp selloff in USD/JPY also kept the pressure on USD and Cross/JPY. The yen climbed to 122.87 versus the euro as of 7:41 a.m. in London from 124.86 late yesterday in New York. The dollar rose to... ...More...


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