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Whipsaw USD Price Action Settles With USD a Touch Lower

USD
  • Whipsaw price action in the greenback takes the lead from Treasury yields: immediate USD strength upon release wholly reversed given the sizeable down-revision, softer wage numbers and the uptick in the unemployment rate.
  • Greenback off the extremes of the day, but holds a small part of the daily losses - GBP/USD contained back below 1.2881 - the 76.4% retracement of the Jul 14 - Oct 4 bear leg.

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