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Fundamental Analysis
EURUSD
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[QUOTE="Terry_8, post: 186840, member: 65834"] EURUSD RALLIES SIGNIFICANTLY TO ITS ONE MONTH HIGH LEVEL AS DOLLAR WILTS [ATTACH type="full"]17117[/ATTACH] EURUSD continues to remain on the front foot in the early Asian trading hours on Wednesday, courtesy to the broad-based weakness in the US dollar. Investor sentiments improved following renewed hopes of a US fiscal stimulus package after Trump and Democrats showcased progress in the negotiations. Besides, the news that Moderna’s coronavirus vaccine might be available for emergency purposes in December provided it gives satisfactory results in November interim trials further aided market sentiments. As of now, the currency pair is trading at 1.1845 level, up by 0.20%. Coming on to the previous session, EURUSD peaked at the intra-day high of 1.1840 level as the dollar weakened across the board with investors cautious stance over the new US fiscal stimulus package. In addition to this, data published by the Eurozone indicated economic progress as the Current Account data stood at 19.9B, better than market expectations of 17.2B, and the German PPI reports improved to 0.4% against the forecast of 0.1%. Consequently, the currency pair settled the day at 1.1821, up by 0.44%. For the day ahead, investors can take cues from the Speech of FOMC Members Mester and Brainard for short term trading impetus SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/228175045391536"]www.facebook.com/fxviewdotcom/posts/228175045391536[/URL] [/QUOTE]
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