Potential to Continue Stronger U.S Dollar against the Euro
www.fxbom.com
09:50 AM
In trading in Asia today looks the dollar has increased significantly against the euro (10.8). The U.S. currency was looking solid and moves to strengthen against its main rivals. Market participants seem chose to hold the dollar ahead of Fed interest rate meeting of the discussion tonight.
The uncertainty surrounding the Fed meeting today’s conditions. Markets differ about whether the Fed will make further policy loosening in the face of the current U.S. economic conditions.Although most investors agree that the Fed still will express the outlook is less good, but probably no further action is also quite open.
In today’s trading seemed to be in the position of 1.3180 dollars per euro. Dollar experienced a significant increase compared to the close of trading early this morning which was observed at the level of 1.3221 per euro.
Fxbom.com analysts estimate that the movement of the dollar today is still potential to increase.Dollar expected to lead to a position of 1.3150 per euro. Meanwhile, support will be encountered at 1.3246 per euro positions.
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