Euro/Dollar: Euro readying for Fall

Posted On 30 Oct 2015

On Thursday, the euro/dollar shot upwards without updating the minimum. The fixation of profit led to a fall in the dollar rate against many pairs. I did allow for such a scenario. The dollar weakened in the second half of the day after weak US Q3 GDP results and the same for the housing market numbers in the country. The euro/dollar renewed to 1.0985.

Source:: Euro/Dollar: Euro readying for Fall

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