markets investors refuse to get the memo and are interpreting any ‘softer’ data in favor of a Fed pivot, leading to risk-on and a weaker USD. Eventually, the tide should turn and investors will again feel the pain and remember the old adage: ‘don’t fight the Fed’.”
“Looking ahead, EURUSD will likely continue to have a bumpy ride but we still hold our view for a lower EURUSD towards the end of this year .”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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Source: FXStreetNews - 🏆 14. / 72 Read more »