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US dollar perks up as risk trades consolidate

The US dollar is up off the floor as US stocks give back some gains. Tomorrow is the final day of August so month-end flows have likely been a factor this week and Credit Agricole earlier in the week suggested there would be some USD buying.At one point stocks had given back all their gains but they've since steadied with the S&P 500 up 0.4%. USD/JPY has been strong as yields chop near unchanged on the day.I continue to think that the bond market is in charge here and that yields are headed lowe... Read More

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Dollar

Perks

Risk

Trades

Consolidate

Forex

Posted: Aug 30 2023, 19:48

Author Name: forexlive

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