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Dollar edges lower as US equity futures rise - GBP/USD back above 1.3040
The dollar is edging lower right now. The USD/JPY has dropped back below 146 and the EUR/USD is off its earlier lows. The GBP/USD has just probed levels above 1.3040 and all this comes as the European stock markets advance further. The DAX has now lifted above 18,452 and cleared that level towards 18,475. At the same time the outlook for the US opening has continued to look more positive. The Dow Jones futures are pricing that at above 40,900 just now. So, the dollar is losing traction and the Pound is taking advantage of that again, as it now presses closer to the high seen yesterday at 1.3052. The GBP/USD is currently trading at 1.3045
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