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DXY has eased off a touch, last deals 7......>

DOLLAR
DOLLAR: DXY has eased off a touch, last deals 7 pips lower at 97.95. The move
has coincided with reported sales of USD/JPY. WTI -$0.1, gold +$3.6.
- The dollar index added 19 pips Friday, touching the best levels in nearly 2
months, as strong advance U.S. GDP data for Q2 bolstered the greenback. The
rally was also fuelled by White House adviser Kudlow's assertion that there will
be no currency intervention aimed at weakening the dollar.
- However, U.S. President Trump left everyone confused late doors on Friday,
stating that "he didn't say he isn't going to do something" on the dollar, while
adding that it's "a beautiful thing" to have a strong USD.
- U.S. Supreme Court narrowly voted to allow U.S. Pres Trump to spend military
funds on the planned border wall.
- Trade envoys from the U.S. and China will hold two-day talks in Shanghai,
beginning today. The talks will be their first bilateral encounter since
negotiations collapsed in May.
- DXY bulls look to retake 98.00, bears eye Friday's low of 97.76.
- U.S. docket is very thin today, Dallas Fed m'fing activity index is expected.

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