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USD/JPY’s outlook has turned bearish, based on the daily chart, said City Index and FOREX.com.
Weak U.S. data and concerns over U.S. fiscal health persist, and could pressure the dollar, Kenanga IB said.
EUR/USD’s upward bias will probably stay intact as long as EUR/USD holds above the 55-day exponential moving average, UOB said, adding it was premature to expect EUR/USD to retest 1.1573.
The dollar fell to a two-week low on the back of mounting concerns over spiraling U.S. government debt.
The DXY dollar index falls to a low of 99.4230. (renae.dyer@wsj.com) Sterling Hits Three-Year High Against Dollar After U.K. Inflation Data 0631 GMT – Sterling rises to a three-year high against ...