Dollar struggles on the session, equities ramp higher as well ...Middle East

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Dollar struggles on the session, equities ramp higher as well
We're seeing fresh highs now for the euro, pound, and the commodity currencies against the dollar. EUR/USD is up 0.5% to 1.1170 with GBP/USD also up 0.5% to 1.3280 currently. AUD/USD in particular is seeing a strong jump to its highest levels for the year, up 1% to 0.6835. The pair had struggled to clear 0.6800 on the daily chart previously but buyers are finding added conviction today. USD/JPY is up 0.4% to 142.90 again but had earlier met lows around 142.03 in European morning trade. The back and forth action in the pair continues to play out with the bond market also playing a role there.The dollar had initially weakened on the immediate reaction to the Fed's 50 bps rate cut yesterday. Th

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