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Worth keeping an eye on the Dollar

USD
  • Although still in fairly tight ranges for FX crosses, worth keeping an eye on USD.
  • EURUSD test MNI tech 1.1837 76.4% retracement of the Mar 31 - May 25 rally
  • Cable test the intraday low, with a clear break through the latter opening downside risks towards 1.3717 Low Apr 16
  • RECALL: As noted earlier this week, we get 2.3bn worth of option expiry at 1.1850, just updated size.
  • We also have 1.18bn at 1.1820

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