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The dollar has gotten whacked across the board following the release of the December CPI data. as just noted, the USD/JPY tumbled, but it was not alone. The EUR/USD has lifted above 1.0350 and the GBP/USD has seemingly tripped stops above 1.2250. That was a prospect highlighted here much earlier today. The Pound just got close to the 1.2300 handle and naturally in a real hurry too. The GBP/USD is right now trading at 1.2293
Well, you were alerted to something rather strange going on this afternoon in Gold and since then the metal has taken another lurch lower. This time...
The US stock markets have not long reopened for the final trading session of the week. It has been a very modestly higher opening across the board...
Given the reaction in the GBP/USD and the USD/JPY after the US sales data you might easily be forgiven for thinking the EUR/USD should be above 1.05...
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