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US Dollar Consolidates Trump-Inspired Losses, BOJ Resolve Tested

From marctomarket.com

US Treasury Secretary Mnuchin told G20 finance ministers and central bankers that President Trump was not trying to interfere in the foreign exchange market or encroach upon the Federal Reserve's independence. Trump's comments and tweets last Thursday and Friday effectively capped the dollar as it was looking to break out to the upside. The greenback had been trading at its best level in 10-months against sterling, the highs since January against the yen, and the euro has moved to the lower end of its recent range. In Asia, the dollar's pullback was pushed a bit further. The euro reached $1.1750 to briefly trade ... (full story)

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  • Category: Fundamental Analysis