European Market Update – Despite the several data releases this week, attention turns to the FOMC decision on Wednesday now that “super Thursday” events have been digested. This morning, EURUSD has been plying a narrow range near 1.1200, consolidating the modest losses seen following the ECB’s policy guidance and inflation forecast downgrade last week. The pound is coming under pressure in London trading, with Cable ebbing back under 1.2750. USDJPY has opened in the week without fanfare, trading in a narrow range in the lower 110.0s.
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Senior Market Analyst
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