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Dollar in charge of European markets open



The greenback stuck among Fed flip flop debacle

  WCRS 19-07
ForexLive

The dollar is leading the way for some back and forth comments from the Fed with John Williams, giving more bad comments (sending the dollar down) yesterday before his own New York Fed department had to clarify that they were purely "academic" in former Asia Pacific Trading (Returns the Dollar).

Greenback gains have come a little, but there is little doubt that this is still the key focus on markets that we are entering at the start of European trade today.

Yen is on the weaker side, as tax returns climb with 1

0-year yield higher with 2 bps to 2.045% currently. Meanwhile, stocks are still in a bit of a cheerful mood among the recent stupid talks from Fed speakers overnight.

The rest of the main currency block has changed little to each other, but the dollar is still generally weaker than the start of yesterday's trade. Please note that after one day, Fed speakers will enter a blackout period, so we will not hear any recent comments until the FOMC meeting on July 31st itself.

As such, we can expect more choppy and messy pricing as Markets continue to figure out what the Fed intends to do later this month.


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