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Wednesday's Impetus Evaporates, Greenback Finds Poise


The greenback catches bid, with Asia-Pac players happy to fade yesterday's moves. There have been no notable headlines, which points to potential profit taking.

  • E-minis trade a touch softer (S&P 500 -0.18%, DJ -0.16%, NASDAQ 100 -0.28%) in the wake of Wednesday's equity rebound, which supports safer currencies.
  • The BBDXY index has added ~3 figs to last sit at 1,343 after pulling back from record highs yesterday.
  • Cable is the big mover this morning, losing ~0.5% thus far. This comes after Wednesday saw GBP/USD regain composure on the back of BoE intervention in gilt markets.

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