Dollar Selling Not Expected To Last

It seems the softer US NFP print this past Friday was behind a lot of the move lower in the US Dollar, but we thought the market was focusing on the wrong data point and that the Dollar sell off would be short-lived.

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It seems the softer US NFP print this past Friday was behind a lot of the move lower in the US Dollar, but we thought the market was focusing on the wrong data point and that the Dollar sell off would be short-lived. And indeed, into Monday, the Buck is already making its way back.

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