Yesterday’s correction in oversold positions was short lived and the USD accumulation has continued unabated since. While no one story or headlines was the clear driver of risk aversion, the solid US economic data and FOMC minutes definitely supported USD bulls. US Housing starts came out 591k vs. 581k exp., while industrial production printed at 0.9 vs. 0.7 market expectation. Then, the FOMC... ...More...


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