Position Squaring Ahead of US Data Helps the Dollar Recoup Some Recent Losses
Marc Chandler
August 31, 2023
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 the hit hardest and are off 0.75%-0.85%. The euro and
sterling about 0.35%-0.45% lower. The yen is the only G10 currency th…
Position Squaring Ahead of US Data Helps the Dollar Recoup Some Recent Losses
Reviewed by Marc Chandler
on
August 31, 2023
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