Major FX cross rates extend sideways trading patterns |
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On Wednesday, the dollar started the session on a strong footing but EUR/USD found support in the 1.54 area on rumoured dollar selling from sovereigns. Later in the session, the US CPI data came out slightly lower/better than expected and this also blocked the potential for any further dollar gains against the euro at that time. EUR/USD closed the session at 1.5473, almost unchanged from Tuesday’s 1.5475. Today, the calendar is heavily packed, both in the euro zone and in the US. In Europe the
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