Currencies: Dollar fails to hold post consumer confidence gains
The dollar lost ground across the board. The US currency was sold as LT US bond yields declined more than in other core countries. EUR/USD easily regained the 1.29 mark and USD/JPY is testing a first support at 100.67. EUR/GBP revisited the 0.8600 range top after poor CBI sales, but the test was again rejected. Can the claims stop the correction of the dollar?
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KBC