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Alert - 16:50 (CET) - EurUsd falls from 1.30 waiting for the Fed
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The Dollar had its biggest decline since 1985 against a basket of currencies, waiting for the Fed to confirm the rate cut by 50bp, as the market expects.
The single currency managed to rebound to its five week high against the greenback, after the German Chancellor, Angela Merkel, said Germany will implement new measures to stimulate the economy.
Worldwide, the central banks are expressing their will to keep cutting rates, which brings some ease to the markets, stimulating the investors to sell, momentarily, safe haven currencies, like the Dollar or the Yen
Right now, the EurUsd is trading at 1.2880, retracing from its intraday high at 1.2992, almost touching the 1.3000 dollar key.
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