May 27, 2024 12:35 GMT
Broader USD Off Lows On Dovish ECB Speak
USD
The dovish ECB speak flagged elsewhere allows the broader USD (BBDXY) to edge away from session lows, although the index is still a little below Friday’s closing levels.
- G10 FX ranges remain contained, while drivers are limited (outside of sporadic headline flow).
- The London and NY holidays are clearly limiting conviction and volumes, as well as thinning out liquidity.
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