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Fresh Multi-Month Highs For BBDXY

FOREX

The fresh move higher in U.S. Tsy yields and equity market weakness allows BBDXY to push to best levels of the day, while the lack of interest rate movement from the BoE has also provided some fresh tailwinds for the greenback.

  • This adds to the post-FOMC gains for the USD, allowing the BBDXY to hit new multi-month highs.
  • 1,260 in the BBDXY index provides some protection for the ’23 double top area (1,262.90/95).
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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