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The major pairs have all opened the week in a similar position to the Friday close, with the lack of gaps indicating solid liquidity, and balanced order flows across the Sunday/Monday regional markets. The dollar has held the major currencies just below their neutral pivot point areas, in a near-term signal that the buyers and sellers although closely matched right now, are favoring slightly continued Usd buying.
That could spin on a dime if market participation increases from the low levels seen last week, but ahead of the major markets opening globally it also signals that fair value on the dollar has been found.
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