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Monthly Archives: July 2024

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Euro Jumps After Legislative Vote Held

Written on July 1, 2024 at 5:45 am, by 王建军

Market Summary The dollar’s recent strength was tempered by last Friday’s Personal Consumption Expenditures (PCE) reading, which aligned with market expectations. The mixed results of recent U.S. economic indicators have cast uncertainty over the Federal Reserve’s upcoming monetary policy moves, although part of the market remains optimistic about an October rate cut. The euro surgedContinue Reading

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Categories: Daily Market Analysis

EUR/USD Surge Amid Rising Fed Rate Cut Expectation

Written on July 1, 2024 at 2:19 am, by 王建军

Fundamental Analysis * Dovish Delight: The Euro has maintained its upward trend against the US Dollar for the third consecutive day. This movement is fueled by speculation that the US Federal Reserve may cut interest rates in 2024, weakening the US Dollar and supporting the EUR/USD pair. On Friday, the US Bureau of Economic AnalysisContinue Reading

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