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home / news releases / GBBEF - Dollar Consolidation Is Morphing Into Correction

GBBEF - Dollar Consolidation Is Morphing Into Correction

iPath Goldman Sachs GBP/USD Exchange Rate ETN

2024-07-19 07:15:00 ET

Summary

  • Among the G10 currencies, only the Swiss franc and Japanese yen gained on the greenback amid what appears to be some unwinding of carry trades.
  • The Dollar Index is being sold through 104.00 for the first time in three months, in the middle of the week.
  • The euro traded with a heavier bias, but it did not lose more sterling or the yen, suggesting a dollar move rather than a euro move per se.

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For further details see:

Dollar Consolidation Is Morphing Into Correction
Stock Information
Company Name: iPath Goldman Sachs GBP/USD Exchange Rate ETN
Stock Symbol: GBBEF
Market: OTC
Website: www.barclaysinvestments.co.uk
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