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Day: July 25, 2016
July 252016
German IFO Helps Euro in Forex Trading
Euro is mostly higher today, thanks in large part to the latest German IFO reading. Although nothing to be too excited about, the most recent data offers some hope for the embattled eurozone and shows continued optimism for what’s next — even with all of the downside risks emerging for the 19-nation currency region. At first glance, it seems a little counter-intuitive that the euro is on the rise after the latest German IFO report. After […]
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July 252016
US Dollar Loses Ground Ahead of Fed Meeting
US dollar is losing ground today, ahead of a Federal Reserve meeting later this week. Forex traders are consolidating their positions and profit taking as they wait to see what the Fed’s tone indicates for future rate hikes in 2016. US dollar index is lower today, after heading briefly higher. Lower commodities have provided some support for the US dollar, but right now Forex traders […]
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