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According to the Us Economic Analysis regarding the US trade balance the deficit has been reduced.

Due to the upbeat economic date from US, the dollar recovers against the Yen today. The pair consolidates and reaches a new daily high around the area of 82.60.

Thanks to the inflation report the British pound rebounds against the USD and regains more than 100 pips during the European trading.

Yesterday the crude oil contracts dropped because of the US dollar consolidation against its main competitors on Tuesday but today the oil as a dollar-denominated commodity recovers.

Due to the worries on sovereign debts in Europe, the market participants continue to give preference to assets as gold. On European session hours the gold contracts prices were higher.