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The dollar remains a little slow during the day but the global dynamics remain largely intact


The dollar continues to maintain a technically good position

The greenback is trading more mixed and slightly lower on this day, but it’s nothing too significant compared to the changes last week, if not yesterday.

EUR / USD fell below 1.1200 for the first time since June 2020 in US trade yesterday, but now holds around 1.1220. The slight rebound today means little overall, as we can clearly see from how the weekly chart is playing:

Dollar bulls are still very much in charge and this is also evident in the USD / JPY price action as buyers look to look for a technical breakout above 115.00 on the week:

The dollar remains a little slow during the day but the global dynamics remain largely intact

The pair may be down 0.1% today but remains above the 115.00 level and buyers will have a good platform to build on to look to extend the bullish leg from here.

Elsewhere, the dollar is also slightly weaker against the pound and loonie so far today, but that’s not too exceptional. With the Thanksgiving holiday period set to engulf the markets, we may not have many significant moves until next week for FX.

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