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The shared currency advances against the greenback, up some 0.10%. The US Dollar Index, which measures the buck’s performance against six rivals, is flat at 96.16. EUR/USD: Mild bearish, but it needs a break below the 50-SMA to resume the downward move. After seesawing before the Wall Street open on US macroeconomic data, the EUR/USD advances modestly, up some 0.10%, trading at 1.
USD/JPY fell back to weekly lows in the 112.50 region on Friday though has since bounced as volumes fade. The pair reversed from as high as the 113.50s as risk appetite deteriorated and drove long-term US yields lower. Risk-off is the driving force as the US session draws to a close.
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