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King Dollar is enjoying a third straight ‘green’ day with the buck better bid against its G10 rivals though it is off its best levels. Today’s higher frequency US jobs data came in better than expected with initial jobless claims dropping below the one million mark for only the second time since the pandemic crisis kicked off and beating forecasts of 950k by some 69k.There is still much street talk about the strong EUR, currency wars and red lines for the ECB. That line is 1.20 in EUR/USD, but the flip side of a weaker dollar is effectively more global monetary stimulus as loose Fed... Read More
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