February 2, 2023

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US dollar selling continues to intensify

1 min read

Dollar falls further

Dollar selling has intensified across the board with the euro now up 100 pips to 1.2161 and AUD/USD soaring 76 points to 0.7858.

Dollar falls further

The takeaway is that the Fed will stay lower for longer because of one bad non-farm payrolls report. I’m not sure I buy into that thinking but this has quickly turned into a big move.

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