U.S. Forex Market Commentary |
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EURO The euro lost marginal ground vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5740 level and was capped around the $1.5835 level. Technically, today’s intraday high and low were right around the 76.4% and 61.8% retracements of the move from $1.6020 to $1.5280, respectively. Traders bid the common currency higher after the release of EMU-15 flash June consumer price inflation data that printed at 4.0%, up from May’s 3.7% level and above Read More...
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