Daily Forex Overview |
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Previous session overview On Tuesday, the dollar weathered a decline versus the yen and euro on a dismal June consumer confidence report, and stayed within recent ranges ahead of the close of the Federal Open Market Committee meeting. The dollar's range bound trading has lessened currency market volatility, encouraging the carry trade strategy. As a result, the euro hit an 11-month high Tuesday of Y168.38. The Euro strengthened against the US dollar thanks to stronger economic data from
Filed under: Fundamental
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