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USD unwinds losses

CROSS ASSET
  • Despite the Risk On tone and the lower Yields, the Dollar is back on the front foot, but following the French, German, EU, UK disappointing services PMIs, all falling into contraction territory.
  • USD makes new intraday high versus the EUR, GBP, HKD, MYR, NOK, SEK.{no} NOK is the worst performer, down 0.76%, with Oil under pressure.
  • WTI has cleared $79, losing 70 cents or so in the past Hour.
  • Support in WTI is at $78.33, the August low.

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