US dollar bears awaken

Stocks are beginning to improve and that could be what has caused a substantial turnaround in the dollar.

There has been no news but the dollar has fallen 30-40 pips across the board. Cable is into the opening gap and at a high of 1.5413. Offers at 1.5420 and 1.5450/55.

There isn’t any news scheduled on the calendar so it’s a matter of the whims of the market.

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