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USD Bounces Off Lows Into Month-End WMR Fix

FOREX
  • Having initially slipped on the back of the poor PMI, Consumer Confidence and Richmond Fed data, the USD is bouncing off the session's lowest levels and has retraced over 50% of the day's losses against the EUR.
  • EURUSD is now in negative territory on the day just ahead of the month-end WMR fix - at which many month-end models had flagged the bias for USD buying.
  • Session's lows still a way off at 1.0582 for the pair.

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