Euro Hammered By ECB Easing Expectations

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Oct 26, 2015.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    Last week, monetary developments conspired against the euro and supported the dollar. EUR/USD fell off a cliff and dropped below the 1.1087 support as the ECB prepared markets for further easing in December. Simultaneously, the dollar profited from risk-on sentiment in the wake of a PBOC rate cut. USD traders[​IMG]

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