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USD remains king

USD
  • The Dollar remains King, following further Hawkish comments from Fed speakers, and market participants looking for more aggressive hikes.
  • USD has seen its best weekly week in couple of Months.
  • While UK rates price more aggressive hikes, the Pound remains under pressure, as desk look for a faster pace towards a recession.
  • Cable tested below 1.1900 overnight, but has so far held, printed 1.1894 low..
  • Next support in Cable is at 1.1961 Low Jul 25.

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