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FX Update: What To Make Of USD Strength In Odd Hours

Published 08/27/2014, 05:19 AM
Updated 03/19/2019, 04:00 AM

We’ve seen a further run higher in the US dollar, and again, much of the strength came at an odd time of day – late US and the Asian session overnight. As these are normally rather thin trading hours and this is an extremely low volatility environment, it’s tough to take the action at face value, i.e., that this is near-term encouragement for the USD bulls.

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