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EUR/USD is the most popular pair for Forex currency traders worldwide and with good reason. Trading Euro to US dollar (or vice versa) gives currency traders the opportunity to make use of the world’s two largest economies and to take advantage of the volatility and liquidity intrinsic to this pair. Reviewing the EUR/USD chart on a consistent basis gives a clear picture of market trends. The dollar index, which tracks the greenback against six major currencies, fell to its lowest level since Nov. 9 in early trading after the release of weaker-than-expected U.S. inflation and retail sales figures.
There is stronger support at the level at 1.3200, we will likely see an ongoing rebound as a correction post a slump.
US dollar news for 15/05/2017
Given the central bank’s position, we forecast NZD/USD to weaken to 0.67 at end-2017”, said Lloyds Bank in a research report.Related link:
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