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The euro moved lower again on Wednesday and had broken below the previous low of 1.2180. The EUR/USD is trading near 1.2170. The euro’s decline continued to be driven by the soaring U.S. bond yields. The latest economical data solidified the Fed’s confidence in the U.S. economy and the inflation…
The EURUSD shot higher today because of the weak U.S. inflation numbers and the ECB president, Draghi’s somewhat hawkish comments after the rate decision. The EURUSD is trading higher today because the ECB President, Mario Draghi, was upbeat in the press conference. The ECB still expected the next hike in…
The euro continued to move lower and touched 1.1730 before it rebounded slightly after the U.S. job data. The EUR/USD was drifting lower toward 1.17 before the U.S. open. It’s been nearly a 230-pip drop since December 1. Even after the little rebound after the U.S. job data, the downtrend…