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USD Erases Initial Brief Post-Data Weakness

DATA REACT
  • Post-data USD weakness helps EUR/USD extend the day's gains to 1.0557 before fading off the best levels to trim the intraday gains to ~40 pips.
  • Pair still trades just below first resistance at yesterday's high of 1.0574, a break above which would open 1.0596 for direction - the 23.6% retracement for the September downleg.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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