Currency Market Analysis

Global Themes

The U.S. dollar steadied against most peers with the currency market today looking to an update from the European Central Bank (ECB) on interest rates and a pair of reports on the U.S. economy for direction. Though broadly steady, the dollar notched new seven-year highs against the U.K. pound, one of the year’s worst performers, and moved below 13-year peaks against the Canadian dollar. Underlying market sentiment remained woozy, keeping safe harbors like the yen well-supported and in reach of one-year highs against the greenback. Markets can’t seem to shake for long their persistent concerns

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