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Dollar Down Amidst War Fears
The US dollar has started the first full week’s trading of the year on a softer footing given the rally in safe havens amidst the rising tensions between the US and Iran.
Following the US assassination of a top Iranian general, the threat of further conflict is elevated. USD index trades 96.34 last. Looking ahead this week traders are waiting on the US employment reports at the top of the week.
EURUSD has been firmly higher today in light of the weakness in the greenback. EUR traders this week are waiting on the release of the December ECB meeting minutes.
While the ECB kept rate son hold at the meeting, traders will be keen to see if there was any push for further easing at this stage in light of the ongoing downside risk to the eurozone economy. EURUSD trades 96.32 last.
GBPUSD has been firmer at the start of the week also, benefitting from a softer USD. UK MPs return from the Christmas break this week and will spend three days de...
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