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As covered here yesterday, the dollar index (USDX) managed to climb back above the 106 handle. However, it was not able to sustain the move to a high at 106.05. The index fell back to a low at 105.68 ahead of the US close (105.70). The rebounds in the GBP/USD and the EUR/USD stymied any further upside yesterday. However, the index is edging higher again this morning, obviously helped by the 38 year highs in the USD/JPY today. There is a plethora of pretty important US data due out later on. The major releases to note there are most likely the June ADP, private payroll report (12.15pm GMT) and the ISM service sector index (2pm GMT). That is not to discount a whole host of other releases in between times- more on those late today. The splurge of US data releases comes ahead of the July 4 Independence Day holiday tomorrow. We also have the latest Fed meeting minutes this evening and limited coverage will be on offer here on that, at 6pm GMT. Meantime, the Dollar index is currently trading at 105.78
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