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Euro and Pound Curtail Their Losses

posted by Avatar fx360 886 days ago in USD, EUR, Daily

High beta FX finally stabilized in overnight trade after being pummeled all week long as eco data from Europe and UK proved mildly supportive halting dollar’s gains for the time being. In Europe the IFO report printed essentially in line with expectations while in UK the public sector net borrowing came in slightly better than forecast.
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