USD: Rally seen as a temporary FX market correction rather than the start of a sustained rebound – MUFG

The sharp move higher in US yields has finally started to spill over more into the FX market were a correction is now underway, point out analysts at
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EUR/USD set to end the week on a sour note, drops sharply back below 1.2100

What looked like a promising week for the euro is ending on a sour note. Having hit seven-week highs in the 1.2240s on Thursday (up more than 1.0% at
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