Quiet Week Heads Towards Finish with Euro, US Dollar Leading Majors

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Most of the majors consolidated in the overnight, with very tight ranges – in some cases, the smallest range of the week – transpiring amid what could perhaps be the last day of lower volumes across the globe. Risk-appetite remains dampened despite improvements in European funding costs, though this has to do with the strength of the US Dollar and a lack of any upside momentum in European cash equity markets or US equity market futures.

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