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EUR/USD slips below the low point seen yesterday
Since an earlier update here noted the EUR/USD slipping back from an earlier session high, at 1.0461, the Euro has now fallen further and taken out the low seen yesterday, at 1.0435. It has not extended much below that level yet, but that is not to rule out more downside. US yields are a little higher now today, but that is not pushing the Yen lower. However, it is having an impact on the EUR/USD and to a lesser degree on the GBP/USD. Hence, the firmer dollar dynamic has stymied the higher UK inflation data, that might have helped the Pound to advance further versus the US currency. Well, as you can see it right now, it has not. The EUR/USD is right now at 1.0427
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