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USD Selling Pressure Evident Headed into the WMR Fix

USD

Monitoring some USD weakness in recent trade, helping EUR/USD further reverse the day's losses and pressing the greenback to its lowest levels of the day vs. CAD, CNH, AUD and others.

  • The BBG USD Index hitting new multi-month lows on the recent move, now at lowest levels since late February.
  • Moves coming just ahead of the 1600BST WMR fix - flow could be related to the fix, with no material headlines crossing in recent trade.

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