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Greenback taking a knock in early Europe,....>

DOLLAR
DOLLAR: Greenback taking a knock in early Europe, with major pairs continuing to
be led by USD/CNY which holds a break below the Cny 6.80 level. Downward
pressure on the dollar playing out nicely through GBP/USD and EUR/USD which
recover to the best/better levels of the session so far. German IFO numbers due
in around 90 minutes make up the focus of the European morning. 

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