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Since the EUR/USD rose above 1.07 earlier this afternoon, that helped to drag the GBP/USD higher with it. However, the pound was lagging in dollar terms, but not anymore. The GBP/USD has now managed to punch its way above the 1.2410 high seen yesterday. The move has extended to as high as 1.2420 as I write this update. The rise in the GBP/USD also seems part of a wider relapse in the dollar index, with focus on the European currencies just now
The US stock markets have been open for around 25 minutes and all the three major indexes opened lower this afternoon, as priced into the futures...
The rebound in Gold today has now extended by nearly $80 from the lows. The metal is now approaching the $3,200 handle. A moment ago it almost touched...
The USD/JPY was falling back after the US data drop, as covered in the previous couple of updates. It has just edged a little lower following comments...
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