Major FX cross rates extend sideways trading patterns |
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On Wednesday, the dollar started the session on a strong footing but EUR/USD found support in the 1.54 area on rumoured dollar selling from sovereigns. Later in the session, the US CPI data came out slightly lower/better than expected and this also blocked the potential for any further dollar gains against the euro at that time. EUR/USD closed the session at 1.5473, almost unchanged from Tuesday’s 1.5475. Today, the calendar is heavily packed, both in the euro zone and in the US. In Europe the
Filed under: Fundamental
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