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Dollar index (USDX) edging lower as European stocks hold gains

The European stock markets are still holding gains this morning and if anything making further progress right now. That comes amid further dollar weakness versus the European currencies. The GBP/USD is now trading close to the highs seen yesterday, at 1.2735. The EUR/USD is just now lifting slightly above the 1.0876 high seen yesterday afternoon. Consequently the dollar index (USDX) is lower. The index closed last night at 103.80. It is just now setting fresh session lows at 103.60

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