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According to Reuters, exit polls show that Marine Le Pen’s far-right party, the National Rally (RN), won the first round of parliamentary elections in France on Sunday. The financial market reacted to this with a rise in the euro’s exchange rate against other currencies. Specifically, the EUR/USD rate jumped to its highest level since June […]

The post EUR/USD Rate Rises After First Round of Voting in France appeared first on Action Forex.

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09/04/2024

EURCHF Wave Analysis

EURCHF reversed from support level 0.9750 Likely to rise to resistance level 0.9845 and 1 EURCHF rising after the recent upward reversal from the support level 0.9750 intersecting with the 38.2% Fibonacci correction of the upward impulse from the start of March. The upward reversal from this support level 0.9750 continues the C-wave of the […]
08/05/2024

Canadian Dollar Slips Despite Strong Ivey PMI

USD/CAD has edged higher on Wednesday and is up 0.25%, trading at 1.3760 at the time of writing. Canada’s Ivey PMI climbed sharply in April to 63.0, up from 57.5 in March and beating the forecast of 58.1. This marked the highest level since May 2022, indicating that purchasing managers have seen an improvement in […]
22/05/2024

NZD/USD Overview Ahead of The Reserve Bank of New Zealand Official Cash Rate

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