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The dollar held firm through Asia after......>

DOLLAR
DOLLAR: The dollar held firm through Asia after the Democrats and Republicans
struck a deal to extend the debt limit past 2020 elections, this now requires
formal approval by Congress.
- USDJPY cleared Y112.00 with ease, while EURUSD extended through key $1.1193
support.
- The DXY breached trendline resistance drawn off the May 23 high to 97.47. This
brings the Jun 18 high & 76.4% retracement of the May-Jun fall into view at
97.76/77.
- The firmer dollar saw gold extend its corrective pullback off last week's
multi-year highs ($1453.09) to rest on trendline support drawn off the Jun 11
low at $1414.28. The 21-dma is placed just behind at $1413.27, ahead of support
on approach to $1400.00 ($1400.14 - Jul 17 low).
- WTI & Brent stick to narrow ranges, underpinned by the increased tensions in
the Gulf.
- With main focus on the new UK PM announcement today, the calendar remains
light in the US. Richmond Fed & Existing Home Sales are due at 1400GMT.  

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