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Posted 3 hours ago
European FX Markets Consolidate as US Juneteenth Thins Liquidity
European FX markets traded cautiously on Friday with US participants absent for the Juneteenth holiday, reducing liquidity and volume across major pairs. ECB policymakers Wunsch and Lane commented on inflation, with Wunsch warning further tightening remains possible if inflation surprises to the upside.
EUR/USD and GBP/USD are in focus following ECB commentary, while USD/JPY hovers near its highest level since 1986 as Fed-BOJ policy divergence intensifies. Traders should watch for potential volatility as US markets reopen.
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