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EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Gains Ground As Treasury Yields Rebound
U.S. Dollar: chart U.S. Dollar Index gains ground as traders react to the New Home Sales report, which showed that New Home Sales increased by 12.3% month-over-month in September. If U.S. Dollar Index manages to settle above the 106.50 level, it will head towards the next resistance, which is located in the 106.90 – 107.20 range. EUR/USD: chart EUR/USD is mostly flat as traders wait for additional catalysts after the release of disappointing PMI data from the Eurozone. Germany’s Ifo Business Climate report showed that Business Climate improved from 85.8 in September to 86.9 in October but did not provide ... (full story)
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