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G8 FX Taken Hostage By US-China Trade

From globalprime.com.au

The Canadian Dollar was hands down the top performer as BoC Governor Poloz threw cold water to the prospects of a rate cut in December. The abrupt rise in the CAD came in tandem with an appreciation in the US Dollar index, which made new highs for the week as the market still sees the US-China trade saga as a glass half-full. The Euro kept treading water, encapsulated in a tiny range on Thursday, with a very timid response to the ECB minutes, which called for unity after the recent division in policy views. The Pound was unable to sustain the solid gains printed through the European session, suffering a significant ... (full story)

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  • Category: Fundamental Analysis