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Yield Differentials & Pre-CPI Positioning Bias Greenback Lower In Light Pre-Data Dealing

FOREX

Unsurprisingly desks flag suppressed interbank activity ahead of the impending U.S. CPI release, with volumes running around ~80% of their recent (already subdued) averages in pre-NY dealing.

  • The BBDXY sits a little off the lows of today’s contained range, with pre-data positioning adjustments (as some of the recent USD longs exit) and yield differentials biasing the broader greenback a little lower on the day.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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