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Dollar Initially Higher on Payrolls, Before Paring Gains

US DATA

Greenback initially slightly firmer on NFP release, helping the USD index rise slightly before gains are pared and prices move back to pre-data levels. Market pondering the net revisions, leaving the report generally inline with consensus.

EUR/USD back above 1.2250, but still well shy of the overnight highs at 1.2274.

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