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GBPUSD Rebounds Above 200-DMA as Falling Yields and Cheap Oil Sink US Dollar

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The Story

News Summary

  • Declining crude oil prices and lower Treasury yields are weighing on the US Dollar.
  • This weakness has pushed GBPUSD and EURUSD to fresh session highs, with GBPUSD clearing its 200-day moving average and targeting key overhead resistance near the 100-day moving average.
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GBPUSD price history

1.35 +1.50% over the displayed period

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