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EUR/USD spikes up after Fed lowered econ forecasts

Wednesday, June 17, 2015 6:21 PM UTC

EUR/USD surges after Fed lowers 2015 GDP forecast & up uneployment rate forecast
Pair then sets new daily high at 1.1300, reversing earlier dips
Choppy action may hold until Yellen speaks, market focus to be on her dot emphasis
DE-US yield spreads hold near recent wides so lift might be short lived

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EUR/USD spikes up after Fed lowered econ forecasts

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