Profit taking on long dollar positions was the feature of the FX market in N.Y. on Thursday, taking the dollar mostly lower. Ahead of Yellen's Friday speech, and the upcoming long weekend in the U.S. and London, traders appeared to think it best to lighten up on greenbacks. The drop today followed a week of gains, which were kicked off in earnest following the release of the FOMC minutes last week. Incoming data was mixed, as jobless claims were lower than expected, while headline durable orders beat the street. Internal components of the report however, were light of expectations.
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