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The dollar has been modestly offered since....>

FOREX
FOREX: The dollar has been modestly offered since the Fed Minutes, which
investors, in general, deemed more dovish than expected. Asian participants
carried on with that theme which saw the dollar post fresh lows against many of
its peers. Euro-dollar trekked higher from $1.1858 to $1.1876, the rally
stopping just shy of decent resistance at $1.1881 (50% Fib $1.2092 to $1.1670
decline). Euro was last at $1.1873. Cable climbed from $1.3220 to $1.3250, stops
were then triggered which saw the Pound extend to move to a fresh high of
$1.3265 and was last at $1.3253. Aussie-dollar rose from $0.7787 to $0.7813 and
currently remains bid at $0.7812. Meanwhile, Dollar-yen consolidated between
Y112.32 and Y112.52, the pair held hostage to large option expiries for today.
Dollar-yen was last at Y112.42.

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