DailyFX US AM Digest: US Dollar Bobs Back and Forth; Euro Weakens

DailyFX US AM Digest: US Dollar Bobs Back and Forth; Euro Weakens

by  DailyFX Research

The Euro has turned lower while the British Pound has edged higher during otherwise quiet trading conditions through the European trading day on Tuesday.

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US
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The US Dollar has stabilized ahead of the holiday, and that may be just about all the greenback will do.
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EURO
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The British Pound is likely to rise if the Treasury’s annual budget takes a slightly softer fiscal stance after years of austerity, allowing the BOE a bit more room to raise interest rates.
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ASIA
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The U.S. Dollar has started to test a key area of confluent resistance in the early portion of today's trade. A break-above this area could open the door for a continuation of USD strength as we head ...Continue Reading

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