USD this week's selloff in the dollar, investors of all stripes remain heavily
positioned with bets on the greenback's rise. The buck may well see another push
lower to reach some degree of equilibrium for the market. "Given the
positioning, the dollar will weaken more on negative data surprises than it will
strengthen on positive data surprises," says Mark McCormick, FX strategist at
Credit Agricole. Also, voices from the Fed are becoming more dovish of late, so
more investors will likely hesitate before putting on, or adding to, dollar-long
positions over next two weeks until FOMC. Dollar up 0.2% against yen at Y106.50.
Euro down 0.1% to $1.2795.
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