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After DXY broke the key 102 barrier, we have seen EUR shorts starting to gather some momentum.
With reports stating that a deal has been made between President Biden and McCarthy, markets are awaiting for the agreement to pass by the Senate.
The turmoil in the past week amid a banking crisis in the US and a broader hit to market confidence will likely mean an earlier end to monetary policy tightening. The FOMC meeting will likely give further indication of this.
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