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Last week showed that the dollar was growing steadily almost until Friday evening. The Fed unexpectedly optimistic about the prospects for the US economy, and against this background, the euro was somewhat fading, although there were no objective prerequisites for this. It is possible that the dollar will spend the next four trading days in a comfortable correction phase.
Alpari experts noted that on Monday, the US dollar entered the correctional phase after a week-long growth. The response to European macro statistics was weak, although some indicators improved. Business activity decreased in the manufacturing sector of Italy and France, grew in Germany and remained at the level of September in the Eurozone. Continue reading