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Currency Market Analysis

Global Themes

Rising risks in Europe offered a broad boost to the U.S. currency. The euro led losses against the greenback with the yen and sterling also in the red. Somewhat stable global markets and oil prices supported Canada’s dollar. All eyes are on the U.K. today as Britain’s parliament is expected to vote on the divorce agreement that the prime minister forged with the EU. The unpopular plan all but assures that U.K. politicians will vote against the deal. Key for sterling and broader market morale will be the margin of victory, which is considered unlikely, or defeat. Voting on the deal is expected

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