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EUR/USD Forecast: risk aversion trades favor the downside

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 22, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Stocks plummeted with the European opening, partially due to yesterday's comments coming from FED's officers opening doors for an April rate hike in the US, but also on the back of risk aversion, after a series of terrorist attacks in Brussels' airport and metro stations. The greenback is higher against all of its major rivals but the safe-haven yen, with markets trading almost in panic mode. Data coming from Europe was quite positive, with local PMIs generally higher and above expectations.

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