Thin liquidity is providing good opportunity for the USD bulls to have another attempt to drive higher with USDJPY leading the way, posting 99.46. Sell orders noted at 99.50-60
EURUSD down to 1.3093, GBPUSD 1.5561, AUDUSD lower again at 1.0267
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USD gains in early trading
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
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- French economic activity falls markedly in May, steepest decline in five-and-a-half years
- FX option expiries for 21 May 10am New York cut
- BOJ policymaker Koeda: Inflationary risk is already materialising
- ECB policymaker Rehn: We are moving towards the adverse scenario
- One headline is all it takes..
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