Quotes from the news wire:
While the near-term USD bias leans higher, we’re wary about chasing the move at these levels.
Found on Reuters 1 year ago
The FX market is generally taking its cue from overall risk sentiment and so equities are higher today, risk-sensitive currencies such as the Aussie dollar are higher as well.
The FX market is generally taking its cue from overall risk sentiment and so equities are higher today, risk-sensitive currencies such as the Aussie dollar are higher as well. But that kind of masks the underlying fundamentals, which continue to favor a better backdrop for the U.S. dollar.
There's potential for an upside surprise in payrolls given the read we got from ADP, the fundamentals are supportive of broad dollar strength, particularly against the euro.
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