USD Sell-Off Doesn’t Convince; EUR & GBP Rallies To Fade

Contrary to widespread expectations for a USD bounce after the resolution to the debt ceiling uncertainty, the dollar is broadly on the defensive, with the DXY index falling to the lowest level since February, notes BNP Paribas. “However, in our view markets are overlooking a key positive in th…

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USD Sell-Off Doesn’t Convince; EUR & GBP Rallies To Fade – BNP Paribas

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