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President Draghi failed to halt Eur/Usd as....>

FOREX
FOREX: President Draghi failed to halt Eur/Usd as it moved through $1.2500.
President Trump stronger dollar comments witnessed a late spike.
-The Asia/European sessions again witnessed further USD selling, initially led
by sharp falls in Usd/Cny & Usd/Cnh.
-The USD did manage a very modest recovery which saw major pairs pullback from
respective multi-month/year highs as focus turned to the ECB.
-The ECB left policy unchanged as expected. In the press conference that
followed President Draghi did see core inflation rising gradually and
re-iterated concerns over FX volatility. This however failed to stop strong EUR
gains, Eur/Usd vaulted $1.2500, Eur/Jpy traded through Y136.00
-Further Draghi remarks of 'few chances at all of a rate hike' did see a minor
pullback to $1.2462, but later slipped on Trump USD remarks.
-Cable driven higher on the move printed post Brexit highs of $1.4345, but later
gave back gains with a move under $1.4200.
-Usd/Jpy remained defensive, slipped to Y108.50 but spiked to Y109.62 after
President Trump remarks that ultimately he wants to see a stronger USD. 

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