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Fundamental Analysis
EURUSD
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[QUOTE="Terry_8, post: 185199, member: 65834"] EURUSD EDGES MILDLY LOWER AMID RISK-OFF MARKET MOOD The single currency edges mildly lower versus its US counterpart in the early Asian hours on Monday in response to the risk-off mood prevailing in the market. Besides, investors remain cautious on rising tensions between US and China following reports that Trump Administration is planning to impose export restrictions on China’s biggest semiconductor manufacturer i.e. SMIC. As of this moment, EURUSD is trading at 1.1830, marginally down by 0.04%. Coming onto the previous session, the currency pair initially dipped to the low of 1.1780 level post the release of US data which showed that Unemployment rate reduced and came at 8.4% better than the forecast of 9.8% while the Average Hourly Earnings stood at 0.4% versus the consensus of 0.0%. However, the pair was quick to rebound from the day’s low amid worries of fiscal standoff that weighed on the greenback. Consequently, the pair concluded the session at 1.1835, mildly lower by 0.13%. Moving ahead, US observes holiday on the eve of Labour Day. Therefore, investors can take cues from the Eurozone Sentix Investor Confidence Reports slated for today SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/215677209974653"]www.facebook.com/fxviewdotcom/posts/215677209974653[/URL] [/QUOTE]
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