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EUR/USD hits lowest since July as Yellen, data point to Dec hike

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 5, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The EUR/USD has fallen to its lowest level since July. Evidently, investors are continuing to favour the higher-yielding dollar over the euro amid the growing disparity between the European Central Bank and Federal Reserve’s monetary policies. Whereas the ECB is contemplating on increasing its monetary stimuli in December, the Fed is seriously considering a first rate increase in more than a decade in the same month. Today saw the dollar take another lurch higher, finding support from

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