EUR/USD in the middle of the bandwidth again |
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No interest rate upside potential for franc Yen firms slightly vs. euro US dollar The repeated attempts of the EUR/USD to surpass the mark of 1.60 at mid-month failed. Consequently, a countermovement set in that went below 1.55. This movement was driven primarily by the weaker economic data from Euroland, with the Ifo Index being the main supportive factor. Thus, this put a damper on any still lingering interest rate speculations. Additional support for the USD came from the declining oil
Filed under: Fundamental
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