Dollar Bulls Drive Euro Lower

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The ECB has remained dovish at the end of last week and could look to cut deposit rates at their next meeting, while FOMC members continue to hint at a December rate rise. The weakness in the Euro is largely coming from the US Dollar bulls as they place their bets on what the Fed will do. There was little to get excited about in the European economic calendar last week, but further threats of terror attacks led to some fear induced selling. ECB President Mario Draghi spoke and remained dovish

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