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EUR/USD: dollar holds despite disappointing data
The EUR/USD pair returned to its comfort zone around 1.1230 during the beginning of the London session, but the greenback came under some selling pressure ahead of the release of a batch of US data that resulted generally disappointing, particularly retail sales, resulting in further USD sells. August Retail sales fell by 0.3%, more than the 0.1% decline expected, while core retail sales fell by 0.1%. The Empire state manufacturing index fell to -2.0, while good news came from initial jobless claims for the week ending September 9 that rose to 260K, better than the 265K expected, and the Philly FED manufacturing ... (full story)
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- Sep 15, 2016 10:46am Sep 15, 2016 10:46am
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- Not-KPMG
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Beware of robber banks (RB), bad advisors.
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