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EUR/GBP holding near the 0.70 level

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Has USD discounted a December rate hike? On Wednesday, several Fed speakers talked in favour of a December rate hike, but it didn’t help the dollar much. The Fed Minutes brought a similar message and US equities had another strong session. However, it coudln’t help the dollar much, probably as the Fed reiterated that the rate hike cycle after the December lift-off will be gradual. EUR/USD closed that session at 1.0660 from 1.0642. USD/JPY ended the day at 123.64 from 123.45. Overnight, most

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