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FOREX: While the European morning was quiet for currencies, the US session has
seen the dollar pick up and press the major pairs close to lows for the past two
or three hours. EUR/USD and GBP/USD both sit at multi-week lows and the
greenback is gaining against the CHF and JPY in tandem. Much of the sentiment is
being driven by equities, which closed the opening gap pretty rapidly before
fading off the highs. Trader focus remains on the VIX and volatility measures,
which continue to suffer rollercoaster trading (see 1550GMT bullet) and that'll
likely remain the case into the close with little macro news or data to