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financeHIGH2026-05-07 10:00 UTC

FX Daily: Testing the ‘this is it’ trade

USD: More volatility ahead It’s been a hectic 24 hours for markets. The risk‑on trade driven by Gulf de‑escalation triggered a sizeable dollar sell‑off and rallies in EM currencies yesterday morning, before a partial pullback in the afternoon. Volatility in FX should remain elevated into early next

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