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EUR/USD: The dollar soldoff this Wednesday

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD The dollar soldoff this Wednesday, with the decline fueled by tepid local data, and comments from FED's Dudley, who said that financial conditions have tightened since the Fed raised interest rates in December, diminishing dramatically chances of four rate hikes coming from the US Central Bank this year. The release of the US services PMI figures fueled the decline, as according to Markit economics, the US services activity growth eased to its weakest for 27 months in January, by

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