The USDIndex is up from session lows under 104, but at 104.07 still down on the day as EGBs and Treasuries rally and gold is back in favor. Bunds outperformed during the European AM, after weaker than expected inflation numbers out of Germany and France, but despite this EURUSD managed to climb above the 1.06 mark. Cable is trading at 1.2053.
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Stuart Cowell
Head Market Analyst
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