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The Euro Is The Best Performer Despite The Gloomy Economic Outlook
The Euro (EUR) has gained against the US Dollar (USD) in October and is significantly outperforming the New Zealand (NZD) and Australian Dollars (AUD). There hasn’t yet been a positive shift in the data and the ECB is unlikely to hike again. However, there are some hawkish options for the ECB without raising rates. Monday’s session is mixed following a nervy weekend with a high risk of negative headlines. Stock markets closed last week dead on the lows of the weekly range, with the German Dax at 7-month lows and the S&P500 closing below its 200-day moving average. While the weekend news was hardly positive, ... (full story)
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