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Flash: Price action, Syria in focus – BBH

FXstreet.com (London) - Research teams at BBH comment on the price action related to Syria.

Key Quotes:

“ The US dollar is narrowly mixed in response to the potential compromise on Syria and firmer Chinese data”.

“The combination of the election outcome with much higher-than-expected inflation is altering the expected policy mix in Norway, and lifting the krone 0.8% against the dollar”.

“It is the strongest of the major currencies. The Australian dollar has risen to almost $0.9300, the highest since late July”.

“The risk-on impulses are weighing on the yen, against which the dollar is trying to establish a foothold above JPY100”.

“The other major currencies are mixed. EUR/USD is trading around $1.3250, down from a high of $1.3280 yesterday. GBP/USD is holding above the $1.57 level”.

AUD/USD around 40-day peaks; firm above 0.93

AUD/USD continues registering higher lows as the American trading journey advances. The pair was capped at 0.9313 (double tops with earlier session highs record) for a small retracement. The potential peaceful resolution boosts market participants’ confidence to maintain or increment their positions.
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