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Dollar rebounds into the 4pm London Fix as EUR/USD falls back below technical level

The dollar is rebounding now this afternoon. The GBP/USD is close to session lows and so is the EUR/USD. The USD/JPY is still yet to reclaim levels above 151.50 though, although it is close to doing so. That all means the likes of the EUR/JPY and GBP/JPY have dropped back from their earlier session highs. The upshot of these moves, is that the Dollar index (USDX) has held onto the 104.00 handle today and rebounded from the noted earlier low at 104.01. It is not pressing towards 104.25. The EUR/USD has now dropped back to below its 200 day moving average again, at 1.0838. The Euro failed to close back above that last night and night now it looks at risk of repeating that again this evening too. It is just now trading at 1.0836

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