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Dollar extends losses- EUR/USD lifts above 1.0500 as US yields slip
The dollar has lost more ground now today. The GBP/USD has risen above 1.26 once more and set a new session high above 1.2610. At the same time, the EUR/USD has lifted above the earlier Asian high, at 1.0501 and extended that move above 1.0525. The gains in both pairs come as the USD/JPY dips below the 154 handle and US yields fall back further, now approaching the 4.30% mark in the 10 year note. The high seen on the EUR/USD was set at 1.0529 and this further rise comes after an earlier update noted the Euro had held perfectly on the support at 1.0448. It is just now trading at 1.0525
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