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Dollar rebounds into 4pm London Fix-EUR/USD skids to session low

The final 4pm London FX fix of the month has just now been and gone and it has not seen the dollar outflow that some analysts had been expecting. In fact it has seen the opposite. The EUR/USD has just now hit a session low underneath 1.0820 right on that event and the USD/JPY has rebounded back above its 21 day moving average. The rebound in the US currency has come despite US yields remaining at their lows on the session. That probably has a few traders scratching their heads. That is because robots cannot do that of course. The EUR/USD is currently trading at 1.0818 and it could fall further as the market seems caught out by this move 

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