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EUR/USD rebounds and lifts with DAX as German benchmark extends record run
The EUR/USD has once again held the low point that is clung onto yesterday, at 1.1125 and just now rebounded back above 1.1150. Of course it may yet have another look at this level later today , when the US PCE data is released, but that will be dependent upon what that report reveals. In the meantime, the Euro has rallied with the DAX, as the index extends its record run this morning. Since the last update here, the DAX has now risen above 19,350 and it is close to that new record right now. The gains in the DAX this morning are outstripping anything seen across Europe or the US futures right now. The index is just now trading at 19,345
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Brent crude continues to back away today
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