The first image shows the process and the second image shows the various steps involved in the settlement cycle..
We're not fully priced yet for a Fed hike in December and when they do lift off we'll have to put a load in for the next two years." While there is a broad consensus between the major banks around further gains for the dollar, a range of arguments have emerged this week for why the euro may yet prove somewhat more robust than the market's biggest dollar bulls expect.

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