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Dollar Higher on Trade Deal Concerns
The US dollar has been a little firmer over the European morning on Wednesday as equities markets have seen a mild pullback. Uncertainty around Brexit negotiations as well as the pending signing of the US/China trade agreement has seen traders pairing risk into the middle of the week. USD index trades 98.09 last as safe-haven flows have seen price recovering off overnight lows. Later today we receive US retail sales data for September. These are expected to have ticked up slightly on the core reading and down slightly on the headline figure.
EUR Straddling 1.1025
EURUSD has been softer against USD today in light of the recovery in the greenback. The fundamental backdrop remains the same for the Eurozone as data weakness keeps sentiment skewed to the downside. Ongoing Brexit negotiations are also creating uncertainty with the potential for a no-deal Brexit still intact. ...
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