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Greenback Rally Fades, Reversing Half the CPI-Tripped Move

USD
  • Snap rally in the USD on the back of the CPI, pressing most majors to new daily lows - EUR/USD finds support ahead of any test on the Weds low of 1.0923 and is stabilising & recovering well at typing.
  • AUD/USD slips 48 pips to new daily lows (inside the vol-implied range flagged earlier) before mimicking price action elsewhere and recovering half the initial move.

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