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Citi Note Thinner Liquidity & Position Trimming Have Fed Into The USD Bid

USD

On Thursday's USD strength (and indeed covering some of the moves seen earlier in the week), Citi note that "market participants appear to be trimming sizeable portions of risk heading into Friday's NFP report. Thinner-liquidity conditions were notable across several currencies, and prompted outsized moves in spot."

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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