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EUR/USD Forecast: limited recovery ahead of Yellen

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 20, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The EUR/USD pair is in recovering ground in the European morning, as stocks opened higher following a bounce in commodity prices, particularly on precious metals. Overnight news helped investor's mood, as the RBA Minutes showed that the Australian Central Bank is in no rush to cut rates, keeping the dollar under pressure. Nevertheless, major pairs remain confined to limited ranges and the EUR/USD trades a handful of pips above its Friday's close. Macroeconomic data from Europe was far

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