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Dollar slips as the Pound rebounds again- check out the GBP/USD now
Earlier this morning the GBP/USD reached a new 2024 high at 1.3340. It then fell back as the EUR/GBP downside move reversed back above 0.8400 and that helped to push the GBP/USD back down to a low at 1.3281. However, as the US stock markets prepare to reopen for the final live session of the week, the Pound has rebounded against the Euro and the dollar. The move lower in the dollar has also seen the USD/JPY drop back quite a way from the earlier high, at 144.43. The USD/JPY just now fell back to 143.58. That has allowed the GBP/USD so space to rebound too and now the Pound is currently trading at 1.3322
Market News
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USD/JPY on the drift lower again as markets wait nervously
Earlier this afternoon the USD/JPY dropped back below the 148 handle, basing out around 147.87. An attempt to rebound off that low has just now given... -
US stocks open in the red- check out the early price action in the Dow Jones
The US stock markets have just kicked off the new week and it has been a lower start to the day for the three major indexes. As noted here much... -
No sign of any rebound for the GBP/USD- Pound sets fresh session lows at 1.3060
The dollar was the best performing major currency on Friday and no wonder, because the US September Jobs data ensured a really positive weekly close...
