Currencies: Euro temporary higher on strong IFO
EUR/USD and EUR/GBP came close to big figure resistance at respectively 1.30 and 0.86 after a strong IFO business confidence. The gains could not be sustained. USD/JPY remains in the defensive as markets ponder the implications of the BOJ policy further down the road. Today, technical trading in thin market conditions is expected because of US/UK holidays.
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KBC