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Euro/Dollar’s spreads have averaged at point 29 pips during the last 24 hours, peaking at 2.8 pips.
Single currency has rallied and the pair has gained a total of 1.45% or 155 pips to reach the high of 1 0870.
Economic calendar has been busy and the US data run sent the spreads higher yesterday at 3 PM GMT.
Both of the sides separated before a rise, but you shouldn’t have seen a gap bigger than 2.8 pips.
The Cable’s long term average spread is point 93 pips and maximum separation has been 6.6 pips.
Pound/Dollar has been moving lower from the high of 1 4667 and it has depreciated by point 73% or 107 pips.
The US data run sent the spreads higher yesterday at 3PM GMT here as well, but 6.6 pips is the biggest separation you should have seen.
Last up is the Dollar/Yen, which has long term average and maximum spreads of point 38 and 6.9 pips respectively.
Greenback has dropped against the Yen and this pair was down by a total of 1.21% or 144 pips.
Spreads were elevated for a while yesterday at 3 PM GMT here as well, but make sure your broker hasn’t increased them above the daily max of 6.9 pips.
I’m Jessica Walker and that’s it for now. As usual, hourly updates will be available throughout the day, so stay tuned.
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