Intraday Strategies for Beginner Traders on August 13
Intraday Strategies for Beginner Traders on August 13
The euro and the pound continued
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The euro and the pound continued to move higher following news that the Federal Reserve has fewer and fewer arguments in favor of maintaining high interest rates.The US Consumer Price Index for July matched economists' forecasts, which in some respects indicated a slowdown in inflation growth. This led to a weakening of the US dollar. Investors took this as a signal that the Federal Reserve may adopt a more dovish stance on interest rates.Despite the positive market reaction, economists warn
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