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Dollar extends drop on the session

The fall in the dollar continues in European morning trade, with EUR/USD now up 0.5% to 1.0976 while GBP/USD is also up 0.5% to 1.2436 on the day currently. The latter is in focus as price runs up to test its 200-hour moving average:The pound is more buoyed after hot wages data earlier here, which is prompting markets to price in another 25 bps rate hike for the BOE in their upcoming policy meeting.Besides this, the dollar is seen weaker across the board with USD/JPY also down 0.2% to 134.20 whi... Read More

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Dollar

Extends

Drop

Session

Forex

Posted: Apr 18 2023, 08:54

Author Name: forexlive

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