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The US dollar has been on a stronger footing again today. Following a small retracement lower in the index overnight, price is now trading back up to yesterday’s highs, printing 96.73 last. A stronger than expected ISM non-manufacturing reading has helped boost the dollar along with news that the US trade deficit shrank to its lowest level in three years last month.
EUR Lower On Data Miss
EURUSD has been weaker today in light of the rally in USD. Eurozone flash CPI was in line with expectations yesterday at 1.3% though with German factory orders, release today, seen down again last month, EURUSD is trading lower. Price is currently testing the 1.1124 level support.
GBP Holds The Line
GBPUSD is currently flat on the session following the European open. Despite the rally in USD, positive expectations around Brexit are helping keep GBP underpinned at current levels. MPs are currently performing final scrutiny on the PM’s Withdrawal Agreement Bill which is expected to be pass...
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