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US Banks Central to the Direction of the USD
The USD is in the doghouse and sellers are dominating on the day – we see EURUSD breaking 1.0900 and high beta FX, such as AUD and NZD, working well to the upside. We watch for the BoE meeting today, and that is a risk for those with GBP exposures, but the broad mood is to move out of USDs.
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