Forex Market News

Euro – Ways2Capital

The dollar fell against a basket of currencies on Wednesday, after a pair of economic reports undershot expectations triggering concerns about a slowdown in the U.S. economy ahead of a widely expected interest rate hike from the Federal Reserve, helping Euro remain stable.
While the interest rate hike was already factored in by the markets, the weak US data helped boost Euro against USD. For the day markets are inconclusive and may remain so.
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