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EUR/USD: The dollar faded its early strength on Friday

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD The dollar faded its early strength on Friday, to end generally lower across the board. Some profit taking alongside with continued market turmoil has favored a recovery of safehaven assets, in spite US inflation data for January came in stronger than expected, with the headline rate unchanged on the month, and the core rate rising by 0.3%mom. Headline inflation in January is now double that in December at 1.4%YoY, with the core rate is now at 2.2%, above the previous 2.1%. European

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