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USD: dollar benefits after ECB press conference

By Ricky Bean July 21st, 2017

The US dollar strengthened for a second successive day yesterday against sterling after falling to a 10-month low earlier this week. The move was driven by Draghi and the ECB.

The dollar has struggled in recent weeks against a basket of currencies and all eyes are now on US GDP data which is out next Friday.

Today sees a very quiet day from the US, and therefore direction will likely come from the fallout of the ECB press conference yesterday and any political news.

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