The Dollar has been on an upward roll with the pace of gains picking up a gear during London AM session. The USD index gained 0.4% to 11-day highs above 95.50, with EUR-USD concurrently tumbled to 11-day lows below 1.1560. Concerns about Brexit (the EU basically rejected the British government’s trade proposal) are helped Cable decline, and concerns about the Canada-U.S. trade spat helped lift USD-CAD, while the Dollar has also been in strong demand against declining emerging market currencies. USD-JPY also managed to lift to three-session highs above 111.50.
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