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Holds onto gains

USD

USD trades firmer in the early European session.

  • The dollar is better bid against most G10s and EMs, and leading in G10 against the CAD, up 0.30%, albeit within ranges, as market participants awaits on the FOMC later today.
  • In terms of MNI tech, next resistance in USDCAD is seen further out, towards 1.2799 High Jan 18 and a key resistance

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