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FX Daily, August 10: FX Consolidation Resolved in Favor of Weaker US Dollar

Swiss Franc Click to enlarge. FX Rates European bourses are mixed, and this is leaving the Dow Jones Stoxx 600 practically unchanged in late-European morning turnover. Financials are the strongest sector (+0.4%), and within it, the insurance sector is leading with a 0.8% advance and banks are up 0.4%. The FTSE’s Italian bank index is up 1.4% to extend its recovery into a fifth session. Bond markets are broadly...

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