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US Dollar Boosted by Trade Deal Optimism
The dollar pushed higher on Wednesday and flirted with the $1.10 level against the euro, boosted by yet more talk of a deal to resolve the U.S.-China trade dispute.The greenback, which this week has risen in line with the more positive tone in trade negotiations, also increased versus the yen towards three-week highs. Wednesday sees little new data releases in the euro zone but a clutch of revisions in the United States ahead of Thursday’s Thanksgiving holiday. “Everything all told, the U.S. data is more likely to support the dollar, so that EUR-USD might well drop below the $1.10 mark again today,” Commerzbank ... (full story)
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