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Thursday, June 21st
The EUR/USD is losing ground for the third session in a row, now trading in the region of its 3-week lows, marked in the region of 1.1530 earlier this week. It seems that the US dollar regained today its bullish tone, forcing its major counterparts to step lower. Moreover, recently emerged uncertainty on the political field of Germany regarding immigrants issue is another negative factor for the common currency, which is pushing the pair in the south direction. As for the data, today the EU economic calendar won’t offer us anything noteworthy, while the US has prepared Philly manufacturing index, which will be able to bring some volatility during the NA session. In addition, today investors will also pay attention to the BoE meeting, as in the case of significant volatility the pair will receive some correlational impetus.
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