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US dollar gives back gains with tech stocks bid

The US dollar saw some positive flows early in New York trading but it has given them back despite rising long-term yields. AUD/USD (below) fell as low as 0.6788 but has rebounded to 0.6820 while the euro fell to 1.1204 before bouncing to 1.1232.The main event this week is tomorrow's US retail sales report. Hopes are high with the consensus at +0.5% m/m and the control group at +0.3% m/m. The range of estimates on both are wide with control spanning from -0.1% to +0.6%. Notably, at the bottom of... Read More

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Dollar

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Forex

Posted: Jul 17 2023, 16:29

Author Name: forexlive

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