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Forex Flash: Important and sustained trends are in place, despite the pullback – BBH

Brown Brothers Harriman analysts believe that despite the Euro pull back today, important and sustained trends are in place.

They note that the dollar has appreciated against the Yen for twelve consecutive weeks, which appears to be the longest streak in the floating exchange rate era. They write, “The euro has risen for six months against the dollar, the longest advance in nearly a decade. The six-month advance against the yen is the longest since 1999.”

Forex: EUR/USD keeps the red ahead of US data

The bloc currency continues to trade in the negative ground on Monday, ahead of the US Factory Orders, expected to grow 1.0% in December from a flat reading in the previous month....
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Forex Flash: Market enters into a tactical consolidation – Societe Generale

Sebastien Galy, Senior FX Strategist at Societe Generale notes that with the end of month re-balancing flows gone, pressure on the Spanish PM, elections ahead in Italy and EUR/USD sky high, we are seeing a bout of profit taking which is hitting peripheral Europe and EUR/USD.
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