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EUR/USD: Draghi’s drag has its limits – 3 reasons for the recovery

“Sure, inflation forecasts remain subdued, but they were still moved higher from 1.2% to 1.4% for next year” writes Yohay S Google for forexcrunch.com. The ECB raised its growth forecasts but did not alter inflation ones too much.So, once the dust settled, the euro found reasons to rise in the initial event that brought it down. Source: forexcrunch.com Share This:

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G10FX : 4 Key Themes To Drive FX Performances In 2018 – EUR/USD could rise – Credit Agricole

“A potential spike in risk-aversion on the back of tighter global financial conditions and rampant protectionism, which may put risk-correlated G10 FX in a vulnerable position; 4” writes Yohay S Google for forexcrunch.com. The intensifying global divergence FX trade, based on the diverging outlook for G10 central banks in 2018; 2.Global investment portfolios being rebalanced in favour of EUR should in our view propel EUR/USD towards 1.23 in Q418 and 1.27 in Q419, CACIB projects. Source: forexcrunch.com Share This:

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German GDP Q3 beats with 0.8% q/q – EUR/USD rises

“The economy of the largest economy grew by 0.8% q/q in the third quarter of 2017, significantly better than 0.6% predicted and an excellent number on its own” writes Yohay’s Google Profile for forexcrunch.com. Germany is the largest economy in the euro-zone and hasn’t published its data yet.The number will be updated later today with the figures from both Germany and also Italy, the third-largest economy. Source: forexcrunch.com Share This:

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EUR/USD: ‘Making Cents’ Of US Tax Plan; Where To Target? – ING

“While it recovered from the lows thanks to the issues with the US tax plan, it is hard to see it taking a new direction” writes Yohay’s Google Profile for forexcrunch.com. Going forward expect the US tax plan to remain in focus, including potential scoring by the CBO and GOP mark-ups this week.Were the tax plan to make progress, e.g. passed in the House by Nov 16th, we don’t think the repatriation story would be key to the dollar. Source: forexcrunch.com Share This:

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