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USD Bid on NFP Day – Video Analysis

Market Analysis

USD Bid on NFP Day – The dollar has steadied after extending declines during the early part of the Asia-Pacific session. The losses had been sparked yesterday by Treasury Secretary Mnunchi, who said that a weaker currency is better for trade (although adding that a stronger dollar in the longer run “inevitable” due to confidence in the U.S.). EURUSD saw a high at 1.1923, which is a big figure up on yesterday’s low, before settling just under 1.1900.

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Stuart Cowell

Senior Market Analyst


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