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Greenback Extends Pullback, USD Index Looks to Conclude Uptrend Off July Low

USD
  • Greenback looking through the better-than-expected pending home sales release, with EUR/USD, GBP/USD extending again to the session's best levels. GBP/USD narrowing the gap with 1.2781 the 50-dma and stronger resistance expected into the 1.2800 handle, the Aug22 high.
  • USD Index weakness seemingly accelerating on the show through the 200-dma support, returns back below as the uptrend off mid-July's 99.578 concludes.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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