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EUR/USD edges higher into the 4pm Fix as European equity markets continue to struggle
The dollar has remained on the back foot for most of the day today, but without ceding that much ground. Earlier the EUR/USD did lift past 1.0911, but only as far as 1.0920. It then backed off to around 1.0900 only to edge higher again coming into the 4pm London fix. Meantime, the US stocks are still outperforming those here in Europe heading into the close. The CAC 40 has now dropped below 7,625 and looks like it might shortly close below there too. The FTSE 100 is in a similar position in terms of the 8,200 level. The US stock markets are still making progress, but more on those in a minute. The EUR/USD is currently trading at 1.0918
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Gold rises above technical resistance to set a new record high this afternoon
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