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Forex Flash: Dollar bounced against majors yesterday - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of oCBC Bank notes that the dollar bounced against the majors on Monday and reclaimed post nonfarm weakness experienced previously on Friday.

He adds that EUR in particular was weakened after the ECB’s Draghi stated that the central bank stands “ready to act again” (on interest rates) if necessary. He feels that these remarks were reminiscent of the dovish slant from the latest ECB meeting and weekend comments from the ECB’s Coeure.

Forex: USD/CHF bounces after French industrial output

After staying sidelined at 0.9385 during the Asian session, the USD/CHF became weaker and moved to 0.9368 low ahead of the release of French budget and industrial output, only to start bouncing back.
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Forex: EUR/USD eases to 1.3070/75

The shared currency has retreated to the area of 1.3070/75 on Tuesday, after mixed data from the French economy. In fact, the French trade deficit narrowed to €4.696 billion in March vs. €6.011 billion...
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