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Further to the previous update nothing the rebound in the major Yen crosses, both the GBP/USD and the EUR/USD have just ratcheted higher again. The EUR/USD has just lifted to around 1.0330 and the GBP/USD has come close to 1.2225. The main reason once again is all due to the corresponding rebounds in the GBP/JPY and EUR/JPY and as the USD/JPY edges back a bit that has left room for both the EUR/USD and GBP/USD to advance. As to how much further that extends remains to be seen. However, what this has done, is to dent the dollar index (USDX). Earlier the index lifted to 109.40 just as the US data beat expectations. The index is now falling back below the 109 handle once more and it might extend on the downside if it takes out the prior low seen much earlier today, at 108.89.
Owing to technical issues there will be no further updates this afternoon. It is hoped that Quick News coverage will resume when the Amazon results...
Earlier today an update here noted the EUR/GBP was most definitely in play today and as you can see that is very much the case. So, as the GBP/USD has...
The Bank of England (BOE) has just announced the outcome of its monetary policy decision. The overwhelming general consensus was for a cut of 0.25%...
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