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Wave of USD Sales Just Minutes Out From Powell Speech

DOLLAR

Wave of USD sales going through in recent trade, helping EUR/USD inch back toward the overnight highs at 1.1850.

Bit of a volume surge in EUR futures over past few minutes, best volumes of the session cross as around 2,700 contracts change hands inside 60 seconds.

No headline catalyst or newsflow to drive the move, suggesting order flow and pre-Powell positioning likely responsible.

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