US Market Update – Video Analysis

US Market Update – The US dollar edged higher after the mix of data, where jobless claims fell, the Philly Fed and Empire State indices did better than forecast, and import prices fell more than anticipated. Gold printed three-week lows of $1,253.77 , adding to post-Fed rate hike losses seen on Wednesday, hitting both targets set on June 12.  Cable, which had been under 1.2700, rallied to 1.2795 following three dissensions from the BoE MPC on keeping rates unchanged.

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Stuart Cowell

Senior Market Analyst


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