Volatility increased |
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This past week volatility increased on currency markets. Investors were anxiously waiting for the European Central Bank’s (ECB) and Bank of England’s (BoE) decision regarding interest rates. To no surprise, both central bank’s kept interest rates unchanged at their current levels of 4.00% and 5.00% respectively. Markets did not react very strong since everybody was waiting for Friday’s U.S labor market report. Unemployment rate in the United States increased to 6.1% while nonfarm payrolls
Filed under: Fundamental
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