Stark contrast between the pace of growth in the United States and that of Europe.
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US services PMI is the only one of the 12 expected to show a monthly improvement
The dollar was unchanged against most of the major currencies
The dollar remains king this morning
The USD strengthened by an average of 0.3% against the other major currencies
A range of only half a cent separated the USD's high against the EUR from its low on Thursday. The two were precisely unchanged on the day against one another.
President Trump reiterated his wish for lower interest rates from the Federal Reserve
There was no convincing win for the USD but it did share first place with the Swiss franc. For both currencies it was investors' aversion to the EUR and GBP that fed their appetite for the USD
On Friday investors were delighted when the US employment data exceeded forecast. On Monday they showed not the slightest interest in a pair of services sector purchasing managers...
Stronger vehicle sales in October, lower numbers of jobless claims and a provisional 1.2% quarterly increase in unit labor costs were the positive US statistics on Thursday's list.
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