In this article, DailyFX Analyst Martin Essex puts the case for EUR/USD strength. Watch out for a reply later today from DailyFX Strategist Nicholas Cawley, who argues that EUR/USD will weaken.

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Another strong performance in the cryptocurrency with Ethereum and Dogecoin printing fresh new highs as Bitcoin’s dominance wanes.

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GBP/USD and the GBP crosses will likely trade sideways, with GBP/USD around 1.39, ahead of Thursday’s monetary policy decision by the Bank of England and UK elections the same day.

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The Canadian Dollar may give up gained ground in the near term, as coronavirus cases continue to remain elevated despite a marked pickup in vaccination rates.

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While USD/CNH has rebounded from a two-and-half year low, the Federal Reserve’s dovish-tilted policy guidance and the PBOC’s neutral stance suggest that the currency pair may lack significant upsid…

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