A mostly tepid US session has been followed by a lively drubbing for the USD the last few hours .

Reports that Mueller had issued a subpoena for Russia related documents from Trump campaign officials began a slow bout of USD selling which has since accelerated as longs cover more aggressively .

To add to the confusion the US senate panel votes to advance the Republican tax legislation. It will be interesting to see what London/Europe make of this once liquidity returns. Should place a spark under Friday trading .

Horatio Dubsly

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