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Another round of data misses, another round of dollar selling. What's driving the move.

Another round of data misses, another round of dollar selling. What's driving the move.
The FX market appears to be teeing up a repeat of yesterday's price action as soft economic data led to US dollar selling and a bid in bonds. This time it doesn't appear to be accompanied by bids in equities, but it's early.The dollar is at the lows of the day right across the board, with the exception of USD/JPY which is a dozen pips away.EUR/USD is now at the highest since August 21 as the case for a larger retracement grows.The market pricing on a Fed hike in September is down to 9.5% from 13... Read More
Posted: Aug 30 2023, 12:54
Author Name: forexlive
Views: 111613

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