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Dollar stutters after bullish start to the day

The greenback has gradually erased its early advance in European trading and is now pretty much lower across the board. EUR/USD is up 0.3% to 1.0735 and contesting its 100-hour moving average with USD/JPY back down to 140.05 after briefly recovering to 140.65 earlier here.The pound is the biggest beneficiary though with GBP/USD now back above 1.2400 and even seeing a notable reversal in near-term sentiment:Over the past few weeks, cable had struggled to break free of its 100 (red line) and 200-h... Read More

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Content Topics

Dollar

Stutters

After

Bullish

Start

Forex

Posted: May 30 2023, 11:10

Author Name: forexlive

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