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Risk FX Higher On Carry Demand, But Cable Lags

posted by Avatar fx360 414 days ago in USD, EUR, JPY

isk FX was generally better bid today buoyed by continuing carry trade flows with EUR/USD hitting fresh yearly highs in early European morning trade, but cable was weaker after Manufacturing and Industrial Production printed markedly weaker than expected. USD/JPY rose to a high of 85.50 in Asian trade reaching peaks not seen since last September
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