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EUR/USD. Geopolitics back in play
EUR/USD has drifted amid an informational
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EUR/USD has drifted amid an informational "off-season." Last week's high profile events (the midterms, nonfarm payrolls) are behind us, while this week's key releases (CPI and PPI) are still ahead. The resulting information vacuum has been filled by geopolitics as U.S. military and diplomatic activity toward Iran has intensified. Given some media leaks discussed below, the geopolitical factor should not be underestimated. If the negotiating process truly gets moving, risk appetite could rise materially across markets and even eclipse U.S. inflation
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Irina Manzenko,
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