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The dollar is slightly higher as we look to European trade, gaining slightly against the rest of the major currency blocks, but nothing too noticeable from the decline seen over the past week.
Asian stocks are also lukewarm, but right next to their previous lows, US futures are also now closer to stable levels for the time being.
It looks like the market is taking a breather after the relentless surge of risk rally in the past few days, with investors pushing the pause button a bit.
Amidst some key technical levels, the dollar is also starting to correct / trace some losses with the EUR / USD still close to 1.1200 and the GBP / USD now just below its 100-day moving average. AUD / USD is also experiencing a slower pace after hitting a high of 0.6898 yesterday.
The ECB will be the key item on the agenda for the coming session. So let’s see what Lagarde & co. has to offer the market in commerce today.
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