Dollar Revives its Tumble as Fed and Stimulus Flounder, FAANG Ready for Earnings

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Dollar, EURUSD, FAANG, AUDUSD Talking Points:

• The Dollar’s reprieve ended quickly with an 8th day’s decline in 9 session after the Fed held fire and the US government struggles to pass fresh stimulus
• Event risk ahead including US, German and Mexican GDP as well as the bulk of FAANG members’ earnings threatens to revive risk trends
• The Australian Dollar looks technically-extended while fundamentals struggle to back the climb – will the tide change and what would prompt such a reversal?

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