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Day: February 22, 2018
February 222018
EUR/USD Rises Following Dovish ECB Minutes
EUR/USD bounced today after losing yesterday’s gains by the end of the previous trading session. The currency pair displayed a significant volatility following the release of the European Central Bank policy minutes before deciding to rally. That was a surprising outcome as the ECB minutes showed that the central bank is not in a hurry to normalize accommodative monetary policy, saying that “changes in communication were generally seen to be premature at this juncture, as inflation […]
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February 222018
Euro Rallies Higher Against US Dollar on ECB Minutes
The euro today rallied against the US dollar after the European Central Bank released the minutes of its January meeting in the mid-European session. The single currency had declined against the greenback starting in the American session yesterday after the release of the FOMC minutes. The EUR/USD currency pair rallied by over 85 points from a daily low of 1.2260 to hit a high of 1.2351 at the time of writing. The currency pair extended yesterday’s losing steak into the late […]
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