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Dollar keeps steadier so far on the day
As bond yields find some footing today, so is the dollar. USD/JPY is up 0.4% to 146.48 currently near the highs for the day as the dollar is steadying itself after the fall yesterday - which I would still argue is in part to do with a squeeze as noted here.EUR/USD is only down 0.1% to 1.0865 but you have to factor in the backdrop that traders are starting to lean more towards a 25 bps rate hike by the ECB for next month. Meanwhile, the antipodeans are the ones lagging with AUD/USD backing away f...
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Posted: Aug 30 2023, 07:42
Author Name: forexlive
Views: 111632