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Forex Today: Dollar wins but cautious prevails

Here is what you need to know Tuesday, November 26th:

  • The greenback was the best performer, appreciating against most major rivals on the back of encouraging US-China trade-related headlines.  EUR/USD barely holding above 1.1000 as the German IFO survey showed that expectations remain subdued.
  • The Sterling was an exception, rallying on weekend polls, indicating that Conservatives lead surveys ahead of December’s election. The advantage narrowed to 7% according to an ICM/Reuters survey, liming pound’s bullish scope.
  • Save-haven assets and commodity-linked currencies suffered the most. USD/JPY flirting with 109.00.
  • Gold fell to $1,455.00 a troy ounce, crude oil prices edged marginally lower.
  • Cryptocurrencies trimmed early losses, ended the day with modest gains.
  • Equities closed in the green worldwide, although US Treasury yields were pretty much unchanged, somehow hinting a prevalent cautious stance. 

Gold prices continue to bleed-out on trade-deal optimism

Spot gold has been sinking on the day, currently down -0.32% at the time of writing having fallen from a high of $1,462.19 to a low of $1,454.12 in li
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GBP/USD consolidates gains around 1.2900 on the back of a stronger pound

The GBP/USD pair rose on Monday, ending the American session around 1.2900, with a gain of 65 pips. The pound was among the top performers as polls sh
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