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Oct 22, 2020 11:07 PM

The Dollar has ended a 4-day losing streak... Short

U.S. Dollar Currency IndexTVC

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The Dollar has ended a 4-day losing streak, albeit with the DXY fading just a fraction shy of the 93.000 handle amidst a moderate and selective upturn in risk sentiment following better than expected US initial weekly and continuing claims on top of more positive noises regarding coronavirus stimulus from House Speaker Pelosi claiming further progress and prospects of Congress putting pen to paper perhaps before the Presidential election. Indeed, after more discussions she added that the 2 sides are ‘just about there’. The index has rebounded off a firmer base above 92.500 and 92.469 midweek session low to hover near the upper end of a 92.976-603 band, with little reaction to existing home sales beating consensus or an in line leading index ahead of a trio of Fed speakers.
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