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3 Comments
u/lottemurphy·14d
Could be some positioning ahead of the ECB meeting later this week, or perhaps just a bit of profit-taking on recent USD strength against Sterling.
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u/tuanrahman·13d
Interesting point. I've been watching that too. Sometimes these moves can be due to cross-currency flows that aren't immediately obvious from the dollar index alone.
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I'm leaning towards a technical bounce here. The dollar has been on such a run, it's not surprising to see some pairs take a breather or even gain a little even without specific news.