Live Europe Open: Strong and solid US dollar
|Recent US figures have been quite positive, beating expectations and keeping the door open for a Fed rate hike, once the political uncertainty is over. This is supporting the greenback across the board. The pound had its time in the sun with a no-cut decision from the BOE, but things are not that positive with Brexit uncertainty still looming. Talk about helicopter money in Japan is still prevalent and this weighs on the yen. Commodity currencies are losing some ground with the Chinese yuan devaluation and the fresh slide in oil prices. Can this continue?
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