Quotes from RBC Capital Markets:
–USD: It is a busy day for data. The inability of yields to rise in the face of what most (RBC included) saw as encouraging Q3 GDP revisions yesterday might suggest, if not month-end flow, that some USD longs could be getting a little nervous into year-end.
-Today’s data are not exactly top-shelf, with the possible exception of durables, but the sum of the parts adds up to an interesting afternoon for data watching.
-For added flavour, liquidity seems likely to begin drying up (further) ahead of Thanksgiving. The DXY has bounced off 87.50 a few times in recent sessions and provides a level to watch.
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