Currencies: Soft Fed speak triggers USD profit taking
EUR/USD initially drifted south in technical trading yesterday. At the end of the day, soft comments from Fed Bullard pushed EUR/USD north of the 1.29 mark. Sterling was hit as a sharper than expected decline in inflation made markets think that there is still room of maneuver for the incoming BoE governor. EUR/GBP is trading north of 0.8500.
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KBC