After rallying sharply on Tuesday after Trump canceled stimulus negotiations, then pulling back overnight as Trump offered up targeted stimulus, the Dollar was relatively steady through the N.Y. session on Wednesday. Fresh hopes for stimulus saw Wall Street erase Tuesday’s sharp losses, and sent Treasury yields higher. There was no data to move markets, and the FOMC minutes had no impact on the USD. EUR-USD opened near 1.1770, topped at 1.1782, and hot a low of 1.1758. USD-JPY moved up from early lows at 10585, later peaking at 106.04.
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