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Back Fundamental analysis
US dollar again holds upper hand
By the end of yesterday, the US
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By the end of yesterday, the US dollar had once again seized the initiative across both currency pairs. The euro lost ground — and this happened despite unexpectedly strong business activity readings in the euro area. The preliminary composite PMI for September rose to 53.1 from 52.0 in August, a 41-month high; the services PMI climbed to 53.0 and manufacturing to 53.4. Germany showed its best pace in almost a year as industrial activity finally began to recover, and France returned to expansion for the first time
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
EUR
Summary
Neutral
Urgency
1 day
Analytic
Maxim Magdalinin
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