The dollar is finishing the week on a firmer footing, posting gains versus the euro and yen, and being aided higher against the pound after BoE Governor Carney walked back hawkish guidance. EUR-USD dropped through recent range lows at 1.2299-1.2307 on route to posting an 11-day low at 1.2293. There didn’t appear to have been any specific catalyst, though there is a backdrop fundamental justification in market narratives, with softer Eurozone inflation and ZEW survey data this week having developed the Eurozone economic-slowing theme.
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