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USD: JOLTS Caps Rally in EUR/USD

USD
  • Greenback finds some support, recovering off NY session lows, on the back of the higher-than-expected JOLTS headline, prompting EUR/USD to trade back to flat on the session and allowing USD/JPY to retake Y161.50. 
  • This helps keep the USD Index in positive territory on the week - albeit only just - as the downmove on Powell's comments proves very short-lived. EUR/USD first support at 1.0710, and path of least resistance remains lower for now - the bear trigger holds at 1.0666, Jun 26 low.

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