Global market still digesting ECB decision

LMAX Group Research Desk LMAX Group

As we come into the end of the week, there isn't all that much to take away as far as the levels go. Currencies continue to chop around and are trading within 1% of where they were a week ago against the US Dollar. The Pound, Euro, Aussie and Kiwi are up moderately, while the Canadian Dollar, Swiss Franc and Yen are down.

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LMAX Group Research Desk

LMAX Group

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EUR/USD hits two-day highs near 1.1820

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GBP/USD reverses two straight days of losses, surpassing the key 1.3600 yardstick on Friday. Cable’s rebound comes as the Greenback slips away from two-week highs in response to some profit-taking mood and speculation of Fed rate cuts. In addition, hawkish comments from the BoE’s Pill are also collaborating with the quid’s improvement.

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