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via fxstreet.comEconomy

Forex today: caution prevails ahead of the Fed

FROM THE WIRE · FXSTREET.COM

The US Dollar (USD) has started the week in an auspicious fashion, further extending its recovery to the area of multi-day highs. The Greenback’s extra strength has followed a mixed tone in US Treasury yields amid a generalised cautious stance among market participants.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA firmer dollar ahead of the Fed matters for FX and Treasury yields.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The US dollar started the week higher, extending its recovery to multi-day highs.
  2. 02US Treasury yields showed a mixed tone.
  3. 03Market participants' overall stance remains cautious.

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