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EURUSD Weakens to 1.2900; SNB’s Floor Maintenance Scheme Revealed
A lack of data and news in the overnight has left the majors trading in tight ranges over the past few hours, with no major gaining or losing more than +/-0.18% against the US Dollar thus far on Tuesday. The top performer has been the New Zealand Dollar, followed closely by the Japanese Yen, whereas the Canadian Dollar and the Euro are trailing the pack. The implication is clear: neither the high beta and risk-correlated currencies nor the safe havens have been able to establish a clear direction on the day. An interesting development that did occur shortly into the penning of this article was the release of some ... (full story)
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