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The US stock markets have just reopened and it has been a positive start and one where the Dow Jones has flipped positions with the Nasdaq 100 and is leading the pack higher in very early trading. Now of course this could all turn around again, but the Dow is pushing ever closer to an appointment with 52k again. At the same time the dollar has not given back any ground and the dollar index has tested that 101 handle this afternoon.
That comes as the USD/JPY continues to press ever closer to the 161.95 level we have mentioned many times in recent days- the 2024 high. The EUR/USD has edged back down as a result but not yet broken any fresh ground on the downside this afternoon. So, the dollar index has traded as high as 101.01 a short while ago. It is currently trading at 100.97
Following on from an earlier update, noting how the USD/JPY was creeping ever closer to the 2024 high, it did stumble just a fraction ahead of that...
Following on from an earlier update, noting how the USD/JPY was creeping ever closer to the 2024 high, it did stumble just a fraction ahead of that...
Just as the US stock markets reopened there was an immediate push lower in oil prices and that saw the price of September Brent crude fall back...
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