The USD has shown small signs of a recovery in the opening session of Friday, carried on from Thursday afternoon.
Recent catalyst is that rumours from the US indicate that the next Fed Chair could be Kevin Warsh. Views on candidates suggest that Warsh would be the most market-friendly applicant and leading to support for the USD in the near term. Even if we have seen USD gains against both the EUR and GBP since yesterday, its relatively small compared to the scale of selloffs through the week and GBP and EUR still holding strong positions to the USD.
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