The US dollar moved in a narrow range against the euro in early European forex trading on the forex market today before the release of US Gross Domestic Produc (GDP) data. This follows reports that debt-ridden Greece its bond holders will continue talking; hopefully they will reach a unanimous conclusion.
“Today looks like it will be a day of consolidation for markets, although high-beta assets will continue to be underpinned by the Fed’s dovish slant,” said Mitul Kotecha, a head of global forex strategy at Credit Agricole, as quoted by MarketWatch.
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