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European Open Briefing

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Mar 11, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The ECB cut rates and expanded its QE programme yesterday and the Euro fell initially, but Draghi’s comment that he doesn’t think that further rate cuts will be necessary led to a big short squeeze in the EUR/USD, which rallied from 1.0820 to a high of 1.1219. Overnight, the Euro[​IMG]

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