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Forex Rate of EUR went up strongly?

Discussion in 'Forex Trading Room' started by ikonforex, Jan 27, 2011.

  1. ikonforex

    ikonforex New Member

    Dec 22, 2010
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    After the Federal Reserve published its resolution, the interest rate of USD kept unchanged.

    As a result, the USD declined while the forex rate of EUR went up once again. EUR was encouraged by the good economic data and optimistic market sentiment, it is indicated that the next key resistance was 1.3780.

    The FED published the interest rate resolution and policy statement for the first time in 2011 on Wednesday, 26th January 27, 2011 to announce that keep interest rate and the second round quantitative loose measure plan unchanged, as same as the previous expectation, thus the dollar index dropped and the non-US currencies went up violently.

    There are analyzing institute to point out that the European economic data maintained strong and the inflation pressure in euro zone increased, the currency policy of ECB may turn to hard-line stance.

    The investors increasingly believed that the European Union will solve the debt issues of periphery countries, which will be good for the trend of EUR in the future.

    Forex news
    Edited By Sarah -- bit.ly/exNTWm
  2. Jhon Kumar

    Jhon Kumar New Member

    Dec 5, 2012
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