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Fixing flows weigh on US dollar
The US dollar sagged broadly into the 4 pm London fix. I suspect some month-end flows are starting to hit and we could also be seeing some flows around USD/JPY tied to worries about this week's BOJ decision.The data today was USD-positive but the dollar has been unable to capitalize because of flows and perhaps because of emerging market FX demand on China stimulus expectations. This article was written by Adam Button at www.forexlive.com...
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Posted: Jul 25 2023, 15:09
Author Name: forexlive
Views: 111534