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An update here earlier this morning noted how the dollar had weakened overnight and why that was, given the recent gains for Harris in one or two key swings states. The reason for the dollar and its immediate outlook could see it fall, or conversely rise, as was outlined in a following update. Well, since then the dollar is lower and the USD/JPY is now right on session lows, around 151.60. That has allowed the EUR/USD to push above the 1.0900 handle again and both moves are it seems reflecting the risks of Harris now winning the White House. Of course, at the same time such an outcome is by no means certain, but as far as the markets and the dollar are concerned right now, it seems the markets are erring on such an outcome. So, the EUR/USD has just this minute reached a new session high above the 1.0905 set earlier today and on Friday. The EUR/USD just traded to 1.0908 and that is the highest for the Euro since October 14. It is trading now at 1.0907
As reported on here yesterday, the USD/JPY made it back above the 150 handle for the first time since March 5. The high seen was set at 150.14, but...
The Swiss National Bank (SNB) is widely forecast to lower its OCR (Official Cash Rate) by 0.25% at 8.30am GMT this morning. The current rate of just 0...
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