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After a strong close at month-end, the USD...>

DOLLAR
DOLLAR: After a strong close at month-end, the USD lost its shine overnight
following modest gains in GBP (Times article on Brexit deal for financial
services companies) & AUD (positive trade balance data). The DXY touched
multi-month highs of 97.20 yesterday but has since retraced to the 96.75/80 area
with technical traders starting to suggest a false break of 97. This level will
be monitored at the close today for further direction. The pullback in the USD
allowed gold to recover the 100-dma ($1218.91) with gains extending above $1222.
Next resistance is seen at $1227.75 which represents the 50% retracement of
$1243.47-1212.03. USDJPY is back below Y113.00 with bears targeting a break of
the 21-dma at Y112.62.    

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