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Currency Market Analysis

Global Themes

Solid gains against sterling helped the U.S. dollar bounce above multimonth lows. The greenback jumped the better part of 1% against the U.K. pound after an EU summit failed to make progress on Brexit negotiations, increasing the threat of a no-deal scenario that would spell heightened uncertainty for the British economy. The dollar also firmed against the euro and notched new two-month peaks against the yen. Canada’s dollar hovered near but below three-month peaks ahead of influential data today on domestic inflation and consumer spending. While firmer Friday, underlying sentiment has cooled

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