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It was a quiet day yesterday in the macro data/event calendar and so concerns over the risks from Covid-19 variants weighed heavily on the day instead. Heightened US-China tensions were also unhelpful to market conditions. On the currency front, the action was again fairly subdued, especially compared to other markets….
Yesterday it was yet again a relatively quiet day, as the dollar handed back its modest gains from earlier in the week. The main notable event yesterday was Fed Chair Powell’s testimony to Congress. He remarked that the US economy is expected to grow at its fastest pace in decades,…
The Euro yesterday attracted some strong buying interest ahead of the weekend and pushed the British Pound lower, a move that could potentially signal an end to Sterling’s advance against the Eurozone’s single currency. The reason for its move lower, the conclusion of an 18 month strategy review to which…