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USD Ends The Week Higher
The US dollar has continued higher over the final trading day of the week leaving the USD index to finish the week in the green. Better US data earlier in the week has seen reduced easing expectations for December, keeping USD supported here. Speaking yesterday, Fed’s Evans said he feels the US economy is in a good place following the October cut. This is reinforcing the view that the Fed will remain on hold over the remainder of the year. USD index trades 98.07 last.
EUR Down Again
EURUSD is lower again over the European morning so far today, with price fighting to hold above the week’s lows. A dismal set of EU economic projections yesterday highlights the issues facing the single market economy and supports the view that the ECB will be forced to ease further in the coming months. EURUSD trades 1.1040 last.
GBP Lower On BOE
GBPUSD has had a quiet session today with price remaini...
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