The Dollar Index has been fluctuating around the 107 mark today, gaining against the retreating Yen, but losing out against EUR and GBP. Stronger than expected PMI reports for the Eurozone and the UK have left markets pushing up near term rate expectations, which has benefited both the Pound and the Euro. Markets are waiting for the minutes to the last FOMC meeting ahead of the US Thanksgiving holiday.
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Andria Pichidi
Market Analyst
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