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USD: Largely positive week for the euro

After a brief drop yesterday due to positive Chinese economic data, dollar largely regained its ground against the pound and euro. The US trade deficit has continued to narrow, reaching its smallest point since June 2018, at $49.4 billion. Last month, the deficit was $51 billion.

Mortgage applications are up month on month, although still in the negative. Today, we will see retail sales, manufacturing flash PMI and then, on Monday, existing home sales.

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