June 8 2021
The Euro is trading roughly mid range, as the market awaits new factors to drive the market forward. Although Fridays NFP headline was a disappointment pushing US Bond yields and the USD lower.
Although the dollar is under pressure it is well off its recent lows, this is partly due to the fact that the market is already running short USD positions, but also because we have one eye on Thursday’s US CPI and the June ECB meeting.
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