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Post-Auction Greenback Bounce Quickly Reverses Ahead of Fed's Powell

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  • The quick flurry higher for the greenback fully reverses as the dust settles post-auction and major pairs return to the middle of what has been contained ranges on Thursday. The lack of tier-one economic data and a more stable backdrop for oil prices has kept G10 FX a sidenote, with the USD index once again holding close to unchanged on the session.
  • Up next, we have Fed’s Powell - at panel on monetary policy (text to be released, with moderated Q&A) - 1900GMT/1400ET.

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