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Euro posts best month against the US dollar since Sept 2010
EUR/USD started the month at 0.9883 and is on track to finish at 1.0418. That 5.5% gain will mark the best month for the euro against the US dollar since 2010.
Of course that comes after a long-term decline from 1.23 of near-constant selling. The sharp turnaround indicates are market that was far too crowded with US dollar longs. In addition, a surprisingly soft US CPI report and a warm European weather easing the energy crisis were big helps.
Technically, for now this looks like... Read More
Posted: Nov 30 2022, 21:03
Author Name: forexlive
Views: 101950