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Greenback Trades On Surer Footing With FOMC Speakers And NFP In Focus

LATAM
  • The late surge for equity indices on Wednesday took a slight shine off an otherwise stellar session for the greenback. The USD index closed up 0.9% and has started Thursday on another positive note, marginally elevating USDMXN to narrow the gap with yesterday’s high at 20.15.
  • An extension of the dollar bounce would target 111.86 for the DXY, the 38.2% retracement for the downleg off late September's cycle high.
  • Focus turns to the weekly jobless claims data as well as challenger job cuts for September as markets watch for clues ahead of this Friday's US jobs report. The central bank speakers slate is busier, with seven FOMC members due.

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