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Commodity currencies lead as risk appetite improves to start the week

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Stocks are continuing the late recovery from the other day with European indices opening higher as US futures also tick through to the day. That’s helping to start to see the aussie and kiwi stretch their light gains from earlier to a good showing now. AUD/USD is up 0.6% on your day to just above 0.6950 currently:The drop on Friday happened close to the 50.0 Fib retracement level at 0.6864 and buyers want to erase the daily drop from then up to now today.Meanwhile, NZD/USD is up 0.4% to 0.6250 levels aswell with USD/CAD down 0.3% to just underneath 1.2900 at this time.There is not much else for traders to utilize with regards to headlines nonetheless it appears like dip buyers in stocks aren’t throwing within the towel yet following a recent rally within the last few weeks. There’s still some debate on if the Fed pivot may be the type in driving the rally and we may only get yourself a better answer on Wednesday via the united states CPI data.

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