No Cut From OPEC - USD Gains Broadly

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In the forex markets, USD rallied broadly after yesterday’s US holiday hiatus. EURUSD dropped to 1.2450 on heavy USD buying while USDJPY rose to 118.30. The USDKRW and USDMYR both dropped roughly 0.8%, pushing Asia EM FX lower. AUDUSD and NZDUSD were uninspired dropping to 0.8486 and 0.7830 respectively (now



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