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Forex Fundamental Analysis:The Fed expects EUR/USD to fall further

Forex Fundamental Analysis:The Fed expects EUR/USD to fall further

Euro

The euro continued its decrease against the dollar. The Eurozone good economic data could not support the currency. According to the Gfk, the Germany consumer confidence rose to 9 with 8.7 in January and earlier we expected to see 8.8, still the Germany producer price index (PPI) is fixed with growth for the year -0.9% y/y after -1.1% y/y in November. The business confidence stopped at the mark of 99 points in December. Such indicator justified economists’ expectations.

 

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