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Forex: EUR/USD finds bids around 1.3500

The euro found some buying interest around the key support at 1.3500 on Wednesday, lifting the cross to the current area in the proximities of 1.3530, as the risk aversion is giving away some ground.

As we get closer to the ECB gathering tomorrow, market analysts continue to echo their expectations. David Song, Currency Analyst at DailyFX, writes “Although the ECB is widely expected to keep the benchmark interest rate at 0.75%, we may see President M.Draghi strike a more dovish tone for monetary policy this time around, and the central bank head may talk up bets for a rate cut in an effort to steer the euro-area out of the recession”.

As of writing, EUR/USD is losing 0.36% at 1.3534 with the immediate support lying at 1.3459 (low Feb5) ahead of 1.3415 (low Jan.29) and then 1.3377 (MA21d).
On the upside, a climb beyond 1.3598 (high Feb.5) would aim for 1.3620 (intraday support Feb.4) and then 1.3660 (high Feb.4).

Forex Flash: AUD biggest mover today – Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the biggest mover in FX markets today has been the Australian dollar, falling as retail sales data disappoint and despite a firmer tone to commodities, equities and risk appetite.
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Forex: GBP/USD easing back to lows

The GBP/USD all gains, with a high at 1.5804, after the release of UK Halifax House Prices and found its low at 1.5632. Since then, it has been a stale trading limited by 1.5678 on the upside. As the market moves on the US session, the pair is approaching its lows again.
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