The USD declined by 0.2% yesterday as risk assets rebounded following a significant drop in initial US jobless claims, the largest in nearly a year.
Read moreThe USD declined by 0.2% yesterday as risk assets rebounded following a significant drop in initial US jobless claims, the largest in nearly a year.
The USD snapped a two-day losing streak yesterday, advancing nearly 0.3% as investors pared back expectations of aggressive Fed interest rate hikes.
The US Dollar recovered firmly on Tuesday, with the Greenback sprinting higher against the Japanese Yen.
Weaker US data and lingering tensions in the Middle East fueled haven-related buying in FX markets yesterday, sending the USD (+0.3% from 2-week lows) and CHF higher.
The USD surged to levels last seen on July 5th yesterday amid month-end flows but subsequently lost momentum, closing with a marginal gain.
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