USD Rally Wobbles at Highs: USD/JPY and EUR/USD in Focus

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A bout of risk-on sentiment erupted late on Monday after President Trump hinted the war in Iran could soon be over. Details remain scarce, but the headlines were enough for Wall Street to erase its losses and for crude oil to pull back roughly 30% from its highs.

I take a fresh look at the US dollar index, USD/JPY and EUR/USD in light of these developments.

MS.

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