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Currency Market Analysis

Global Themes

America’s dollar stuck near three-week peaks on a trade-weighted basis, buoyed by fading geopolitical fears and bullish news on the U.S. consumer that improved chances for the Federal Reserve to lift interest rates again this year. The euro was near three-week lows on reports the ECB chief next week might not telegraph an imminent reduction in stimulus. Mr. Mario Draghi will be among the central bank leaders to speak at the Fed’s annual summer conference on Aug. 24-26 in Jackson Hole, Wyo. Positive U.K. jobs data lifted the pound from 5-week lows. Canada’s dollar stabilized above one-month low

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