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BBDXY Bounces On U.S. Data

USD

The BBDXY more than reverses early Thursday losses and moves to a fresh session high as the initial post-U.S. data reaction looks to the lower than-expected rounds of weekly jobless claims prints (as well as better-than-expected housing permits and building starts) and the subsequent uptick in Tsy yields.

  • A softer-than-expected Philly Fed survey provides a modest limiting factor for the initial USD demand before a second-round bid kicks in alongside fresh selling in Tsys.
  • USD bulls eye yesterday’s ’24 BBDXY peak.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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