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Fed Signals September Hike; EURUSD Braces for Volatility

Moneycontrol Read original source (opens in a new tab)
The Story

News Summary

  • The US Federal Reserve adopted a hawkish tone, signaling a potential September rate hike, boosting the dollar.
  • Rising Brent crude prices and the end of a major RBI dollar deposit scheme in India add mixed signals, but the Fed's stance is the primary driver for EURUSD.
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EURUSD price history

1.16 +0.00% over the displayed period

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