The dollar traded with a firming bias, gaining versus New York closing levels against most currencies, but still remaining shy of respective highs that were logged yesterday. Clouding the picture presently is the looming decision by the Trump administration on who will have the Fed chair, whether it will be the reappointment of dovish Yellen or the decidedly more hawkish Taylor, among the five candidates being considered. Trump is expected to announce who will lead the Fed by November 3. EUR-USD has ebbed to 1.1755, about 20 pips down on yesterday’s closing level.
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