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EUR/USD: FOMC not that hawkish, dollar recovers anyway
The EUR/USD pair edged higher in a day where anxiety was overly clear. The pair surged to 1.1719, getting an early impulse for Wednesday's news that some ECB policymakers believe that raising rates by the end of 2019 would be "too late," helped by the imbalance between macroeconomic data between both economies. Germany Factory Orders jumped in May 2.6% when compared to April when they fall 2.5%. The YoY reading resulted at 4.4% from the previous -0.1% and the expected 1.7% advance. In the US, employment-related figures published at the beginning of the session were discouraging, as Challenger Job Cuts rose 18%, from ... (full story)