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Dollar Down on Data Miss
The US dollar traded slightly lower over the European morning today. We have seen a shallow recovery over recent sessions. However, upside has been limited following a weak US consumer confidence number yesterday for June.
Looking ahead today, traders have the advance goods trade balance for May, which will be especially important given the recent re-escalation in the trade war between the US and China. USD index trades 95,74 last, sitting just atop the 95.72 level for now.
EUR Recovers on USD Weakness
EURUSD has been a little higher against the US dollar today following recent days of declines. Despite expectations of ECB easing to come, USD weakness has kept EUR bid. Price has remained above the 1.1343 level, trading 1.1359 last.
GBP Higher on Carney Comments
GBPUSD has ripped higher this morning in response to comments from Bank of England governor Mark Carney. The governor st...
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