Euro Slides While Forex Market Volatility Goes MIA
Upbeat U.S. economic data and the European Central Bank’s recently announced monetary easing measures has put downward pressure on the euro, as the single currency nears a four-month low versus the greenback on Wednesday. With little new data to chew on, the forex investor continues to wander in a No Man’s Land of tight contained range trading. Capital markets have been expecting a much more aggressive break out, especially with the EUR, but it has yet to materialize.
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