The US Dollar and the Japanese Yen, following the dominant thematic of this week, emerged as the top performers once again on Thursday. Only the Canadian Dollar, late in the day, was able to keep up. The Euro gave back the previous day’s gains as the ECB sounded more dovish while the Pound was out of favor too this time. The Kiwi and the Aussie, after the overstretched moves from Wednesday, and with equities in ‘yo-yo’ mode, managed to put up a fight. When analyzing the ECB policy decision, in a nutshell, the initial outcome was in line with expectations with rates and bond buying kept at current levels. … (full story)
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