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XE Market Analysis: North America - Sep 25, 2020

29 days ago   |   By XE

The dollar rose during the European morning, though remained below highs seen yesterday against most currencies. This occurred against a backdrop of steepening stock market losses in Europe, as rich valuations clash with evolving realities as Covid cases surge, along with associated restrictions and localized lockdowns. The pan-Europe STOXX 600 equity index dropped over 1% in posting lows not seen since the beginning of June. EUR-USD ebbed back under 1.1650 but has so far remained above the two-month low that was seen yesterday at 1.1626.
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