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Euro strength at the mercy of the ECB

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Euro strength at the mercy of the ECB by Ipek Ozkardeskaya The US dollar is better bid as US jobless claims fell by 7,000 to 42 year lows; the core inflation improved to 1.9%y/y from 1.8%y/y rather surprisingly in September given the subdued retail sales reported over the same month. In the Eurozone, the headline inflation accelerated by 0.2% in month of September in line with expectations, the core inflation stabilised at about 0.9%y/y. The ECB’s efforts seem to be paying back as the fall in

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