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USD extends its rally – Danske Bank

FXStreet (Edinburgh) - Allan von Mehren, Chief Analyst at Danske Bank, underlines the bid tone of the greenback.

Key Quotes

“The USD continues to strengthen as EUR/USD has moved below 1.29 and USD/JPY traded above 106 overnight”.

“Oil prices fell further with Brent declining to USD100, the lowest level in over a year”.

“The move has been triggered by weaker Chinese imports, soft US job data and the truce in Ukraine”.

“Stock markets have been mixed in Asia but mostly showing gains. S&P500 fell slightly on Monday on lower energy shares”.

France Imports, EUR: €41.7B (July) vs previous €42.115B

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