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HomeForex NewsUS dollar gives a big chunk back as cross-currents hit

US dollar gives a big chunk back as cross-currents hit

It’s a bit early for flows into the London fix so this is curious move back down in the US dollar and it goes straight against what’s happening in stocks, where the S&P 500 is down 53 points, or 1.3%.

The euro is now at the highs of the day.

We’re even seeing a comeback in AUD/SUD, which is up to 0.6890 from a low of 0.6856. Bonds might be part of the equation with yields off the session highs but still up 8 bps at the 10y tenor.

www.forexlive.com

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