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Dollar slips back further ahead of the Fed -EUR/USD lifts to 1.0730

The dollar has lost some more traction now as the European markets draw to a close. However, most professional traders will not be closing their books yet this evening. Meanwhile, the EUR/USD has pressed to session highs, as I write this update. The Euro has just now traded at 1.0731 and move higher comes as the USD/JPY drifts lower again. That has helped gold to rise to a fresh high on the week, but more on that in a minute. The move higher in the Euro is of course by no means conclusive and looks predicated on traders squaring long US dollar positions ahead of the Fed decision later this evening. The EUR/USD is just now trading at 1.0730 

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