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Volume Surge Pressures Pair Lower

EURO-DOLLAR

Not seeing any headline catalyst for move higher in USD in recent trade (EUR/USD off around 20 pips or so in recent trade) but move is putting some pressure on spot gold which hits new lows at 1980.15. No concurrent move in US yields or equities as yet.

Best volume of the day in EUR futures crossing on the most recent downtick. Around 6,000 contracts changing hands on the way lower inside around 5 minutes - that's around $950mln cash equivalent.

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