Narrow ranges so far – Video Analysis

Narrow ranges so far – EURUSD continued to narrowly orbit the 1.1800 level, consolidating above last Friday’s post-U.S. payrolls at 1.1728 and comfortably off last Wednesday’s 31-month peak at 1.1910. Yesterday, Fedspeak was mainly from the dovish camp from Bullard and Kashkari, which added softness to US dollar. Meanwhile elsewhere USDZAR will be in focus today after South Africa’s Parliament agreed a No-Confidence Secret Ballot Vote today for President Zuma.


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Stuart Cowell

Senior Market Analyst


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