Pound is modestly higher against the US dollar, and the currency has broken a recent losing streak against the euro.
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Canadian economic releases disappointed today, and with the dollar dominating everything in sight, it’s little surprise that the loonie is lower.
Earlier today, a member of the European Council proclaimed the euro “safe” and the eurozone economy on the road to recovery.
The Japanese yen is weaker today, losing ground as the G8 seems to approve the stimulus measures taken on by Japanese policymakers in an attempt to stimulate the economy.