24-hour view: “We highlighted yesterday that ‘the underlying tone still appears to be on the soft side and we continue to see chance for USD to dip below 115.00’. Instead of dipping below 115.00, USD plunged to a low of 114.36 before settling on a soft note at 114.63 . The rapid decline appears to be overdone but there is room for USD to test 114.30. The next support at 114.00 is not expected to come into the picture. On the upside, a breach of 115.
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