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Greenback Wholly Erases Post-Payrolls Strength

USD
  • Dollar strength that followed the better-than-expected jobs figures has proved short-lived, with the greenback reversing in recent trade. This puts the likes of GBP, EUR, CAD and JPY higher against the USD relative to pre-data trade.
  • USD weakness is coming alongside a further bid in equities, with the e-mini S&P now narrowing the gap with the Thursday highs of 3842.25. Gold re-correlating with stocks also, as the yellow metal hits the session's best levels.

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