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Dollar continues to weaken leading into the 4pm London Fix- EUR/USD straddles 1.1150
The dollar has continue to weaken this afternoon. The GBP/USD is still battling to overcome 1.3250 and the USD/JPY has so far rejected any lasting attempts to push much above 148. At the same time the EUR/USD has not long ago hit session highs around 1.1155. The Euro looks like it might have some buying interest set for the 4pm London fix, but that cannot be confirmed here. Perhaps we might see if the Euro reaches a peak on the day around that time and thereafter what not might do next. The EUR/USD is right now trading at 1.1152
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