ITS ABOUT THE CASH NOTHING ELSE.
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EUR/USD approaches year-end in good form
As we start the last month of the year, the EUR/USD continues to look remarkably strong. Investors have shrugged off political and economic risks in several Eurozone countries this year and instead concentrated on the brighter economic prospects. At the same time, market participants have chosen to largely ignore the dollar as the Fed turned increasingly hawkish. This is because they are probably expecting the disparity between US and Eurozone monetary policies to stop growing as the European Central Bank begins tightening its belt next year. From a technical standpoint, the EUR/USD remains supported. In November, ... (full story)