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US Open Preview – Dollar holds strong ahead of Powell’s Senate speech – European equities in the red

Dollar/yen was relocating laterally at 106.67 (+0.01%) while dollar/loonie was greater at 1.2848 (+0.12%). WTI crude and also Brent were trading reduced at $61.29 (-0.58%) as well as $64.32 (-0.63%) each barrel specifically. For the month of January, the index is anticipated to stand level at 1.5% y/y and also inch up by 0.1 percent factors to 0.3% m/m.

Pound/dollar crept even more down to touch a fresh six-week reduced at 1.3726 (-0.16%). Euro/dollar additionally damaged to six-week lows, inching down to 1.2185 (-0.07%) as hawkish financial potential customers in the United States enhanced the space in between the US-EU temporary federal government bond returns to the largest in 20 years. Dollar/yen was relocating laterally at 106.67 (+0.01%) while dollar/loonie was greater at 1.2848 (+0.12%). WTI crude and also Brent were trading reduced at $61.29 (-0.58%) as well as $64.32 (-0.63%) each barrel specifically. For the month of January, the index is anticipated to stand level at 1.5% y/y as well as inch up by 0.1 percent factors to 0.3% m/m.

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