The Dollar has remained buoyant, with USD-JPY printing a new 2018 high at 113.63, with the aid of a measure of specific yen weakness, and EUR-USD posted an 11-day low at 1.1633. Cable ebbed to a four-day low, USD-CAD saw a two-week high, and AUD-USD a 10-day low. The strong 4.2% y/y outcome in U.S. Q2 GDP, which backs the Fed’s guidance for continued gradual tightening, has continued to resonate in market narratives.
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