Risk trades not having a good opening to the week – USD higher, equities lower

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Emini futures (S&P, Nas) are falling in Globex trade.

In the FX space a bid for the USD is sapping AUD, NZD, EUR and others. 

After the Weekend OPE+ agreement (to increase output) oil is trading lower also. 

The moves are all still fairly minor (although oil is off circa 1%) but its not a good start to the week for the ‘risk’ (or is it the relation trade now?) trades.

AUD:

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