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The Fed has tried to push back on the easing narrative. This has halted the USD decline for now. However, markets will now have the Bank of England and the European Central Bank to contend with.
The USD has had a choppy start to the new year. Initial strengthening has given way to renewed corrective pressure this morning. This comes as equities and precious metals continue to run higher.
We look at the impact that a corrective move on the USD is having on major forex pairs.
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