Daily Forex Overview |
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Previous session overview On Wednesday, the dollar was lifted for a second day by falling oil prices and repeated talk about an eventual need for U.S. interest rate hikes to curtail inflation. Factory orders in the euro zone dropped at their sharpest rate in five years in May, adding to other news Wednesday of slowing demand and rising prices. The euro is steady, with oil a bit lower and gold slightly higher. Dollar strength is the primary reason why the Euro is trading close to a 2 week low;
Filed under: Fundamental
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