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The selling pressure that drove the dollar lower yesterday has abated, and the greenback is paring yesterday's loss, though the dollar-bloc currencies are showing some resilience.
EC negotiator Michel Barnier briefed ministers that the same three issues that have bedeviled the trade talks with the UK remain unresolved (fisheries, level playing field, and a conflict resolution mechanism).
Emerging market currencies are mixed, leaving the JPMorgan Emerging Market Currency Index slightly softer after posting its biggest gain in a month yesterday (~0.7%).