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Dollar slips as EUR/USD vaults the 1.04 handle

The dollar has just this minute lurched lower. The GBP/USD has now pushed above the noted 50 day moving average for the first time in 4 months, rising above 1.2501. The EUR/USD has also hit a fresh rebound high, from the low seen on Monday, at 1.0141. The Euro just traded to 1.0410. The move lower in the dollar seems to stem from another relapse in the USD/JPY, as that falls back close to the 153 handle again. So, the dollar index (USDX) has taken a hit and fallen further below the 108 handle. The EUR/USD is right now at 1.0407 

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