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Focus Remains on US Debt Ceiling Debate
USD continues to trade on back footing as political infighting over raising the US debt ceiling erodes the market’s confidence in the US and the USD. EURUSD pushed up to 1.4536, but with regional equities mixed was unable to trade higher. USDCHF continues to pressure the 0.8000 handle taking quick trips below the psychological level. AUD was the big winner in FX trading taking out stops above... ...More...
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