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US dollar stumbles as the risk mood improves

US dollar stumbles as the risk mood improves

USD/JPY is at a session low, down 120 pips to 133.29 as part of a broad US dollar selloff. The decline has extended since the release of an in-line jobless claims number.

It's all about flows at this time of year as market participants position for 2023. S&P 500 futures are now up 30 points to 3836, or 0.8% in a strong rebound from yesterday's slump.

Bond market trading is thin but there's some pain there for the US dollar with US 10-year yields down 3 bps to 3.85% on the day.

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Posted: Dec 29 2022, 13:45
Author Name: forexlive
Views: 111850

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