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EUR/USD hits fresh monthly lows, attention turns to FOMC meeting next week

1 month ago   |   By FXCM

EUR/USD reaches a three-week low at 1.2724.
Market sentiment weighs on the EUR/USD as flows flew to the safe-haven USD.
The US Dollar Index rises above 93.00 despite weak US consumer sentiment data.
EUR/USD keeps sliding for the second day in a row, exchanging hands at 1.1728 down 0.30% on the day at the time of writing. After a stellar US Retail Sales report on Thursday, the EUR/USD pair is trading at three-week lows, on broad US dollar strength.
The US Dollar Index is at three-week highs
The market mood is in risk-off mode, with US stock indices sliding between 0.26% and 1.19% and bond...
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USD/CAD hits new weekly highs above 1.2750 on broad US dollar strength

1 month ago   |   By FXCM

USD/CAD prints a new weekly high at 1.2763.
The market sentiment remains downbeat, with the S&P 500 trading below the 50-DMA.
WTI is falling in the session by 1.27%, dragging the loonie with it.
Federal Election in Canada to take place on September 20.
USD/CAD is gaining ground in the session, up 0.45%, trading at 1.2739 at the time of writing. The market sentiment remains downbeat, as US stock indexes post losses caused by expiring options on Friday. The S&P 500 has broken below the 50-day moving average, risking the “buying the dip” narrative.
Additionally, oil prices that strongly...
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