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EUR selloff ahead of key European CPI announcement

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 16, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Global Markets A bluntly spoken ECB Governor Nowotny took the opportunity to put a conclusion on the recent Euro rally by explicitly stating that the ECB was clearly missing their inflation target in Thursday’s trading session. Market participants understood this comment as a signal that more stimulus measures from the ECB will be coming in the near future, and as a result the EUR experienced a hefty selloff against the USD and across most of its counterparts. If Friday’s CPI release for

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