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Capital Markets: “European Currencies Start Week Softer, while the Dollar Bloc is Firm”

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Author: climateer
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From Marc Chandler at Bannockburn Global Forex:Overview: European currencies are trading with a softer bias to begin the new week. Soft preliminary PMIs appeared to be the main culprit but Australian’s PMI disappointed ahead of tomorrow central bank meeting, and the Australian dollar’s small gain leads the G10 currencies today. The Swedish krona is off around 0.75% before the central bank rate
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