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Best Money
Dollar recovers mildly as markets set to end quietly with an empty US economic calendar. Euro continues to lose upside momentum despite hawkish comments from ECB Weber who said that ECB can’t give the ‘all-clear’ signal for monetary policy, suggesting that it’s not finished with tightening yet. Retail sales in UK rose less than expected by 0.3% mom in Mar but the yoy rate was boosted higher to 4.8% by strong revision in Feb’s growth from 4.9% to 5.1%. But Sterling has little reaction to the data as it continues to consolidate.
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