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Risk Assets

USD Rally Continues

USD has continued to drift higher over the week, supported by better manufacturing data earlier in the week. Trading has been fairly light, however, ahead of the Christmas week next week which will see a big reduction in daily traded volumes.

Over today’s US session there are a few economic releases that might cause some movement with final GDP, core PCE, and personal spending all due. USD index trades 97.01 last.

EUR Higher on Friday

EURUSD has been a little higher today so far, despite the continued move higher in USD. EUR too has seen better data this week with the German Ifo business climate reading coming in better than expected.

ECB chief Lagarde recently noted that risks to the eurozone had diminished with the recent slowdown showing signs of bottoming out, which has supported EUR. EURUSD trades 1.1120 last.

UK Brexit Vote Due

GBPSD has been a little softer this week with price grinding lower, following last week’s elections rally. Today, UK MPs will vote on...


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