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Category: FX markets

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FX Strategists From Citi Say Euro Could Sink to $0.86 if Macro Turmoil Continues

Oct 16, 2022 Robert Brown

While the euro has found support between 0.96 to 0.97 nominal U.S. dollars per unit, foreign exchange (FX) strategists from Citi believe the euro could tap a low of around…

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Hong Kong Protects Local Currency in Forex Market Amid Capital Flight to US Dollar

Sep 29, 2022 Robert Brown

Following the Bank of England explaining that it would be meddling in U.K. bond markets and the Bank of Japan defending the yen in the foreign exchange market last week,…

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