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Overview of the EUR/USD Pair. September 25. The Market Is Deceiving Itself
The EUR/USD pair continued its downward
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The EUR/USD pair continued its downward movement on Thursday, which by now probably surprised no one. Both this week and last week we repeatedly stated that the market keeps moving in a closed loop, pricing the same single factor — Federal Reserve monetary tightening. Moreover, the US dollar's rise now looks simply absurd. We do not deny that Fed rate expectations have indeed hardened in the past month, and that the Fed has shown readiness to raise the key rate
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Paolo Greco,
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