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The Dollar Index stabilised in the 0.5% range for the fifth session, quietly finding its feet after a near 5% rally over the past thirty days. Since last week, currency market participants have taken a wait-and-see approach after four weeks of gains that fundamentally changed the dollar’s technical picture. However, a blockbuster of major news […]

The post Dollar Picks Its Way appeared first on Action Forex.

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13/09/2024

Euro Rebounds on Lack of Hint for Further Cuts

The European Central Bank (ECB) yesterday lowered its deposit facility rate by 25bp for the second time this year (and its other two rates by 60bp, but that was just a technical twist that meant to narrow the spread between the deposit facility and the main refinancing rate from 50 to 15bp, so don’t be […]
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