The DXY headed up to 93.01 in late morning trade, after bottoming earlier at 92.77. The USD then faded in relatively light trade through much of the afternoon session. Weekly jobless claims were lower than expected, though the data were impacted by a change in the seasonal adjustment methodology, while the July trade deficit blew out to the highest levels since 2008. The data weighed on the Dollar, though focus was on Wall Street, as techs in particular sold of sharply on profit taking. Treasury yields were lower.

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