The directional performance of the main currencies can so far today be divided up between the losers, which were the Dollar and safe-haven Yen and Swiss Franc units, and the winners, which were the Euro along with the Australian, New Zealand and Canadian Dollars. The Pound also held up well, with both the UK and Eurozone currency’s benefiting from above-forecast May service PMI readings. The backdrop was one of a burgeoning revival in risk appetite.
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