The Japanese Yen remains under severe pressure as global interest rate rises leave it a yield laggard.

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The Euro is biding time ahead of Wednesday’s Fed decision and remains stuck below 1.000 after a brief foray higher at the end of last week.

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GBP/USD remains planted around the 1.15 level while markets keenly await FOMC and BoE rate decisions.

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The US Dollar has given up some ground so far today with a slide in Treasury yields and PMI data providing some relief for equity bulls. Will the US Dollar reclaim new highs?

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