The Dollar has traded mixed so far today, reaching the early European PM near net unchanged versus the Euro, lower against the Pound, which lifted on perky UK wage data, and higher versus the Yen, which underperformed amid a backdrop of recovering stock markets. EUR-USD backed away from a test of 1.1600, returning to levels around 1.1570 after a much worse than anticipated drop in the October German ZEW investor confidence survey. USD-JPY lifted back above 112.00, but has remained below yesterday’s 112.23 high.
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