Position Squaring Ahead Of U.S. Data Helps The Dollar Recoup Some Recent Losses
Vertigo3d Overview Position-squaring ahead of today’s US personal consumption data and perhaps tomorrow’s jobs report is giving the dollar a firmer profile against most G10 and emerging market currencies. The Scandis have been hit hardest and are off 0.75%-0.85%; the euro and sterling are about 0.35%-0.45% lower. The yen is the only G10 currency that…