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Markets look to end the week on a cautious note
Despite the passing of the big risk events of the week, financial markets still retain a slightly more cautious approach as we enter the final day of the week. The dollar has strengthened in the wake of the ECB meeting which provided a dovish takeaway with Mario Draghi unwilling to reveal any prospect of tapering of asset purchases. EUR/USD was the main mover in a fairly volatile reaction but the euro has subsequently dropped to its lowest level since March against the dollar. This has meant a seven month high on the trade weighted dollar index, although it is interesting to see the yields on Treasuries have been ... (full story)