The USD is uniformly lower early in the session and it is difficult to see where the buy-dollar signals are going to come from. Order books are fairly clear in the EUR/USD until 1.4200-10 where some Sovereign offers are touted. There is also said to be good selling interest in the AUD/USD at .8250 but the bids-on-dips still seem to be stronger in the Aussie. Lots of trailing stop-loss orders are expected above 1.6660 in the cable.
USD drifting lower heading into Tokyo open
Source: www.forexlive.com
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