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Equities Hit Fresh Highs,  Prompting Minor Wave of USD Sales

  • The greenback sees a minor wave of selling pressure in recent trade, helping the likes of EUR/USD and GBP/USD climb back toward earlier highs.
  • Moves coincide with further strength in equity markets, as the e-mini S&P hits intraday highs of 4554.00 - the highest level since Feb02. This narrows the gap with next key resistance at the 100-dma of 4564.8 ahead of the more notable February high of 4586.00.
  • Focus turns to CB speeches due later today, with BoE's Pill, ECB's Schnabel, BoC's Macklem and Fed's Bowman & Mester all on the docket.
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