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EURUSD Falls on Economic Contraction Concerns, Parity In Focus with FOMC On Tap


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Our fundamental focus will take a dramatic shift in the next 24 hours – with fear of an impending recession temporarily trading places with the highly contentious FOMC rate decision. Risk slid as the IMF downgraded its forecasts, but it was EURUSD’s biggest drop in a month that carried the most technical weight. Parity is in easy reach as the Fed weighs its next move. 

 

 

 

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