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Powell Talks Down Dollar

USD Recovers The US dollar has started the week on a firm footing following a late sell-off on Friday. The decline came in response to comments from Fed Chairman Powell. Speaking at the Jackson Hole Symposium, Powell kept the prospect of…

Forex Institutional Positioning Update

EURUSD Non-Commercials reduced their net short positions in the Euro last week buying 5k contracts to take the total position to -56k contracts. This latest position adjustment came just ahead of the December ECB meeting, reflecting the…