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US Dollar Price Action vs GBP/USD, AUD/USD

September 13, 2021

Via: DailyFX

A late drive lower across risk markets on Friday, saw the S&P 500 close lower for a 5th consecutive session, capping off the worst weekly performance since June. That said, equities a modestly firmer as we begin the session, which in turn sees the early dollar outperformance begin to dissipate during the European session. Looking at momentum across G10 currencies (Figure 1), trends are relatively neutral and remain some way from being considered stretched. As such, this leaves little opportunities for any countertrend plays.

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