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The European morning witnessed dollar.........>

FOREX
FOREX: The European morning witnessed dollar weakness across the board with euro
dollar printing 3 weeks highs of $1.1853. The arrival of NY witnessed a similar
theme, the release of slightly better retail sales and on target CPI data saw a
quick burst of dollar demand before paring back gains. As the NY session
continued gold dropped sharply and US tsys yields pared losses, the dollar
became in demand across the board for the majority of the session.
-Aussie: A sharp rally in gold and US Tsys yields dropping saw the rate spike to
$0.7620. A reversal in the dollar direction as commodities turned saw the rate
drop to $0.7590.
- The dollar continued to rally through the NY session with the pair printing
fresh lows of $0.7573.
-Yen: The release of stronger-than-expected headline US Retail Sales
triggered fresh dollar demand to Y112.87, before immediately paring gains,
printing session lows of Y112.48. Gold fell sharply and US Tsys yields rallied
pushing rate back over Y113.00.

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