The Dollar has more than recovered losses seen yesterday in the wake of the U.S. midterms election results. EUR-USD posted a two-day low at 1.1411. USD-JPY and yen crosses have been trading firmer so far today, concomitantly with rebounding global stock markets in accordance with the Japanese currency’s usual inverse-correlative bias with equities. USD-JPY has posted a two-day high at 113.75, which is 6 pips short of the one-month peak seen on Tuesday.
Recent News
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