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  • Here's what we're watching as the trading week enters the homestretch.

  • The currency's weakness is helping push up share prices in key European markets

  • and also for the UK's FTSE 100.

  • The Euro has dipped below 1.09 against the dollar,

  • as traders now appear to have drawn the conclusion

  • that no news should be read as good news.

  • The ECB disappointed the market on Thursday by punting any decision

  • over extending quantitative easing towards the end of the meeting.

  • A second day appraisal by Mr. Market Hover appears more sanguine.

  • Clearly, until we see eurozone inflation firmly on course to hit 2%,

  • ECB's stimulus will not fade.

  • That has the Euro on track for a third straight losing week.

  • Also playing a crucial part is the dollar,

  • with few doubting the Federal Reserve will tighten policy in December.

  • So, central bank diversions, the dominant trend at the start of the year

  • appears back to close out 2016.

  • The other story that fix is the pound.

  • Unable to hold above $1.23 earlier this week,

  • at the very least, the sickly pound remains ahead of last Friday's close

  • of $1.2191.

Here's what we're watching as the trading week enters the homestretch.

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