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Risk remains high in FX space on Iran oil supply - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that the EUR/USD pair wavered around the 1.0900 level this Monday, unable to find direction as, following an empty calendar during the European session, US markets remained closed on holidays, in observance of the Martin Luther King day.

    Key Quotes:

    "Still, risk aversion continued dominating the financial world, this time, triggered by Iran as during the weekend, international sanctions over Iran were lifted, and now the country will be able to add as much as 500,000 barrels a day to crude exports, sending the commodity down to fresh 12-year lows.

    Also in the spotlight is the upcoming ECB meeting later this week, with market's expectations pointing to a dovish stance from Mr. Draghi, as the Central Bank measures are still unable to revive the local economy."
    For more information, read our latest forex news.
     

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