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Broader base buying

USD
  • USD extends gains, following the US Industrial beat.
  • The Dollar found a small bid, following the Retail sales beat, then, looks like we may have had a fix related trade going into 14.00GMT/09.00ET.
  • The Dollar is at session high against EUR, JPY, CHF, CAD, CNH, CNY.
  • Support in EURUSD is at 1.1305 Bear channel base drawn from the Jun 1 high
  • Also recall we have 2.29bn option expiry in USDCNY at 6.40

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