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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FX markets are starting to quiet down already as traders prepare for the mid-week liquidity drain around the US Thanksgiving holiday.
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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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Tomorrow brings Thanksgiving in the United States, but before those turkey dinners hit the tables, there are two high impact releases of meeting minutes from both the Fed and ECB.
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