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Yesterday the EUR/USD reached its highest level since July the 27, when it traded at 1.1139. However, it was not able to capitalise on the slide to 140.26 in the USD/JPY and that was all due to a corresponding fall in the EUR/JPY at the same time. So, when the USD/JPY rebounded, there was no place left to go for the EUR/USD, notwithstanding a rebound in the EUR/JPY at the same time. Consequently, the EUR/USD dropped back to a session low at 1.1055. It later closed in the US at 1.1061. An earlier rebound today to 1.1084 gave way to a session low, matching the close last night, at 1.1061. It is off that low now , but still subject to further price action in the USD/JPY and the EUR/JPY it seems. The real question now, as the final 4pm London fix of the year draws closer; has the Dollar taken all this hits for that year end that it was touted to do? That is entirely possible I think, but I am keeping an open mind and a close eye on the price action from here on. The EUR/USD is currently trading at 1.1072
The Pound performed pretty well yesterday and continued to press higher from an earlier session low at 1.3203, seen just as the European markets...
Yesterday afternoon the dollar hit session lows leading into the final 4pm London fix of the week and that saw the USD/JPY fall back to 141.90. One...
Pretty much all this week BTC has just not been at the races, indeed that was an observation made the week before and it was the same then too. So...
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