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EUR/USD Overview. October 19. Paradox or Inevitability?
The EUR/USD pair continued to rise
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The EUR/USD pair continued to rise moderately on Friday — and I say "moderately, but still" because over the past month any gain in the euro has become an event to celebrate, like payday or the start of a holiday. For the last month we have argued that the dollar's advance was wholly illogical and purely speculative. Early in that period, the dollar's strength could be explained by a Federal Reserve rate hike and then by rising market expectations of
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Paolo Greco,
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