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Forex: Dollar gaining during European session

After Friday’s wobbles, the dollar is gaining in the early part of Monday, with the move concentrated on USDJPY, having failed to move below last week’s low of 118.06. EURUSD is also breaking lower, with a continued focus on the ECB and the potential for QE being delivered later this month. One of the German papers (Handelsblatt) suggest that there is a clear majority on the Governing Council, despite the fact that the Bundesbank President remains opposed by all accounts.

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