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EUR/USD spikes ~1.1400 as Fed worried about hiking

Source: Thomson Reuters


  • EUR/USD  pierced 10 & 21-DMAs pre-Fed minutes but now powerful rally ensues

  • EUR/USD spikes ~1.1400  as many policymakers lean to keep rates lower for longer

  • US bond yields reverse course, FOMC minutes too patient for USD bulls

  • Little pullback from spike high as shorts scramble to cover, stops likely >1.1450 

  • Market Data
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