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European Markets Are Trading Lower – US Dollar under selling pressure

European stocks markets are trading lower today. EuroStoxx is falling 1,9%, followed by DAX, -1,32%. In the forex market, the US Dollar continues to suffer from fresh selling pressure against the euro while “Brexit” worries spurred widespread weakness in the British Pound. The EURUSD pair extended its rally beyond 1.1400. Regarding GBPUSD, the pair is […]

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Rangy Markets on UK Holiday – more USD bids to come?

With UK Bank Holiday on Monday, markets were relatively rangy with the US Dollar stabilising against peers, less the JPY and risky assets continuing higher. US equity markets, closing 0.3-0.7% higher, were led by financials and the S&P50 managed to take home its fourth daily gain in a row. In Europe, Euro Stoxx 50 closed […]