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The greenback's charge continued on..........>

DOLLAR
DOLLAR: The greenback's charge continued on Wednesday, with the DXY closing at
98.173, well above both the treble top resistance area around 97.70 and the
61.8% retracement of the move from 103.820 to 88.253 at 97.873.
- The index now sits at the highest level seen since May 2017, with resistance
noted at the May 8 2017 low of 98.496.
- The U.S. maintains its title as the strongest economy in the G7 space, with
the Fed holding a comfortable positive margin vs. G7 central banks in terms of
benchmark rates. Today's durable goods data and Friday's prelim Q1 GDP estimate
providing the notable domestic data releases over the next couple of sessions.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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