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Dollar slips ahead of US opening-check out the GBP/USD now
The dollar is losing some ground right now. The GBP/USD has rebounded from an earlier session low at 1.2505. The Pound has just hit a session high at 1.2552. At the same time the USD/JPY is drifting back to a fresh European session low at 157.65, as the EUR/USD lifts to session highs just above 1.0430. The upshot of all those moves has seen the USD index (USDX) fall back quite sharply below the 108 handle. The index topped out earlier today at 108.20. This also takes place as US yields continue to nose higher and US stock futures are still all in the red. So, if you are scratching your head over this interim, modest dollar relapse, you are not alone. The GBP/USD is currently trading at 1.2548
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