EUR/USD Fundamental Analysis 02/08

Emmafx

Trader
Apr 16, 2012
8
0
12
The U.S. dollar rose Wednesday after the Federal Reserve decided to take no action. Markets are waiting to see what the European central bank is going to do later in the day. Traders are hoping that the ECB would resume its bond buying, known as Securities Market Program (SMP), to help drive down borrowing costs for Italy and Spain. Any ECB disappointment will send the EUR/USD prices back to 1.20-zone and below.

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