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FX hits the reset button after early day shakes

As for the other major currencies, they all changed little compared to each other. The dollar and yen have given up most of their earlier gains, with variations between dollar pairs currently around 0.1% or less. Only USD/CHF is down 0.3% at 0.9090, but that’s a far cry from its previous low of 0.9010.

In other markets, European indices remain down between 0.7% and 1.0%. Meanwhile, S&P 500 futures are still down 0.4% after earlier recovering from declines following fears surrounding Israel and Iran. In the bond market, 10-year Treasury yields are down 6 basis points at 4.585%, but are far from the lowest of 4.496% recorded in Asia.

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