European Monetary Union Markit Services PMI registered at 51.1, below expectations (51.3) in November

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US dollar supported by less dovish than expected Fed rhetoric - BTMU

According to Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, the USD has derived support from less dovish than expected rhetoric from the Fed officials who have failed to express any major concerns regarding lower commodity prices and falling inflation expectations.
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