U.S. Forex Market Commentary

EURO The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.5905 level and was supported around the .5825 level.  Technically, today’s intraday low was right around the 50% retracement of the move from .5610 to .6040.  Data released in the U.S. today saw the June leading index fall 0.1%, its second consecutive monthly decline.  The dollar’s decline was limited by better-than-expected Bank of America Q2 earnings but the
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