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USD Higher Ahead of NFP
The US dollar has ended the week firmly higher as a string of better data has lifted sentiment. The ISM non-manufacturing reading came in well above expectations, followed by a stronger than expected ADP print which has fuelled expectations of a strong NFP release later today. The USD index trades 97.26 last.
EURUSD has been lower over the week, weighed on by the recovery in the US dollar. Earlier in the week, the CPI flash reading came in at 1.3% as expected, marking a 0.3% improvement on the prior month.
However, amidst the recent slew of weak data, it failed to provide any support for EURUSD which trades down at 1.1095 as of writing.
GBP Lower on Carney Comments
GBPUSD has been a little weaker over the week despite news that UK parliament has now officially approved the PM’s Withdrawal Agreement Bill, meaning the UK will leave the EU on January 31st.
However, comments from BOE Governor Carney have weighed on GBP. Carney said that an interest rate ...
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