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Economy

EUR/USD reverses and jumps toward 1.1845 on Powell’s comments

Byadmin

Jul 28, 2021
eur/usd-reverses-and-jumps-toward-1.1845-on-powell’s-comments

The EUR/USD reversed from 1.1771 and jumped to 1.1842, reaching the highest level since July 15. So far, the euro is facing resistance around the 1.18

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Powell speech: There is a range of views on FOMC on when tapering is appropriate
Powell speech: There is little support for tapering MBS earlier than Treasuries

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