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Some Modest Dollar Demand into the Fix

USD
  • Some greenback strength coming through at the fix in recent trade, helping pressure the likes of EUR/USD and GBP/USD toward new session lows.
  • Recall that month-end flow for end-May favours USD-buying, but due to the final WMR fix of the month falling on a UK bank holiday, we may see some of those flows front-loaded into the final few sessions of this week

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