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EURUSD Technical Analysis

EURUSD Technical Analysis
The recent beat in the NFP data followed by weak details like the higher unemployment rate and lower average weekly hours, has weakened the USD as the market started to reprice the hawkish expectations on a less hawkish side as a looser labour market can bring inflation down. The miss in the ISM Services PMI added to the less hawkish expectations, especially due to the lower prices paid sub-index that may give hopes that core inflation could fall soon.The big miss in Jobless Claims was taken wit... Read More
Posted: Jun 13 2023, 07:06
Author Name: forexlive
Views: 102593

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