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Looking to Buy the Euro? Better Do It After the Month Is Over

From bnnbloomberg.ca

Pay day for sellers of the euro seems to come at the end of the month. The currency’s repeated drops then may be down to month-end flows, options-related selling or simply pure coincidence. The common currency slid below $1.09 Monday for the first time since 2017, in a repeat of the falls through key psychological levels seen on the last days of August and July. The euro headed below $1.10 on Aug. 30, having broken $1.11 on July 31. The euro has been steadily weakening in recent months against the dollar as the latter benefits from the Federal Reserve turning less dovish and by haven demand amid global trade ... (full story)

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  • Category: Technical Analysis