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FX Research
by Saktiandi
Supaat
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USD Strength And
Market Jitters
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Early Asian trade was jolted by the plunge in GBPUSD to a
low of 1.1819 before reversing sharply higher to levels around 1.2480 at
last sight, still more than 100pips short of full recovery. While there
was no news that triggered that dramatic price action, it happened amid
concerns about Britain’s exit from the European Union and a potential
loss of access to the single market. We suspect a combination of
underlying market jitters and USD strength ahead of NFP keeps cable
(GBPUSD) ...
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Saktiandi Supaat
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Leslie Tang
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