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The euro closed slightly down after Wednesday's trading. Trader activity was low during the US session as market participants waited on the vote in Congress to dismantle Obamacare. The vote has now been pushed back to Friday after the instigators of the motion failed to enlist the support of the requisite number of congressmen. Before closing, the euro/dollar was hovering around the 1.0783 mark.
On Wednesday, trading on the euro closed down and the British pound closed slightly up. There were some fluctuations in both directions on the pairs at 17:40 EET when an act of terrorism was committed in London. A car on Westminster bridge drove onto the pavement, hitting a number of pedestrians as it made its way to the parliament building. 5 people have been confirmed dead, including the assailant, who was shot by police, and another 40 were injured.
Britain’s exporters are benefiting from an economic “sweet spot” because the pound is weak and there has not been any disruption from Brexit - but companies have also been warned that it might not last for long.
The latest report from the Finance Magnates Intelligence Department shows that Latin America is the new bright spot on the global forex trading map. For the first time ever Brazil tops the forex industry’s average deposit ranking in January 2017.
The euro/dollar pair closed up on Tuesday. The single currency found some support from Le Pen's lacklustre performance in the French presidential debate as well as from the British pound, which strengthened after the release of inflation figures in the UK.