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5 Things that May Drive the EUR/USD
Market participants are jumping on the risk appetite mentality after a volatile week. Despite negative notations in the market place, risk appetite vehicles are rallying against the United States dollar. However, there are some positive and negative notations which may cause profound movements in the euro currency pair. 1) A drop in risk of peripheral nations – the European Central Bank has been aggressively buying bonds from larger peripheral nations – Italy and Spain- in hopes to drive down the yield and squeeze a run on larger economies. A rising yield suggests more risk; lower yields suggest lower risk – a ... (full story)