EUR/USD hits its lowest in a 12 months
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The rising USD continues to … rise nonetheless.
EUR/USD is circa 1.0555 and at its lowest since November final 12 months.
The Federal Reserve seems to be on observe for a December charge minimize however its not bothering greenback bulls, taking their cues from the world of politics dollar-bostering Trump insurance policies. Trump, in fact, will not within the large chair till after January 20 however markets low cost the long run. Or what they anticipate sooner or later anyway. And that is a stronger greenback for now.
This text was written by Aaron Cutchburt at www.ubaidahsan.com.
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