AUD and CAD led selloff in G10 against the USD, the former has weakened to 0.879, back essentially to yesterday level pre the CPI release while the latter dropped to 1.1148. USDJPY skirted 104.84 before moderating to 104.34 as US 10y yield eased to 2.844% in Asian trading from a high of 2.870% on the open. EUR moved in a tight range from 1.353 to 1.356.
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Credit Suisse