Play of the Day Recaps: December 18 – 20, 2023

It was our FX strategists final week of market discussions for 2023, focusing on the few major events that lined up the forex calendar ahead of the holiday season.

Overall, it was an arguably net effective week with 3 out of 3 directional biases playing out, but risk management was likely a big driver of outcomes given that some expected moves were well ahead / after targeted catalysts.

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