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GBP/USD climbs above 1.6000

FXStreet (Córdoba) - GBP/USD rose back above 1.6000 boosted by a decline of the US dollar across the board. The pair reached a fresh daily high at 1.6011 and was holding above 1.6000.

Cable was trading 40 pips above Friday’s closing price headed toward the first daily gain against Greenback, since September 23 , recovering from 11-month lows.

USD pulling back

The US dollar reached fresh lows in the market after Wall Street opening bell and was trading near the lows, making a bearish correction after rallying sharply on Friday, after the NFP report and ahead of the FOMC minutes, to be released on Wednesday.

USD/JPY retreats further, eyes 109.00

USD/JPY remains under pressure Monday, and continues to pullback from the 110.00 area as the greenback corrects lower after Friday’s rally.
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