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Currency Market Analysis

Global Themes

A broadly weaker U.S. dollar flirted with two-week lows in central bank-driven trade. The euro soared nearly a percent to mid-June highs after a bullish message from European Central Bank President Mario Draghi unleashed a wave of euro-buying. Mr. Draghi played up economic prospects and played down cooler inflation, potentially setting the stage for bankers to upgrade their policy stance to neutral in the months ahead. The euro spiked, coming close to 2017 highs. The euro’s climb saw other European units, like sterling and the Swiss franc, follow suit. The broadly weaker buck managed a one-mon

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