FX Update- USD
The dollar has rebounded broadly, as oil prices give back their earlier sharp gains, and as U.S. equities catch a bid. Earlier speculative USD selling has reversed course, as sources now report decent intraday short covering setting in. There was some decent EUR-USD buying interest ahead of the London fixing, though with that now out of the way, the pairing has slipped back from 1.4760 to near 1.4720.