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Daily Market Analysis By FXOpen
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[QUOTE="FXOpen Trader, post: 342048, member: 104606"] [B][SIZE=5]EUR/USD Analysis: The Price Today Has Set Its Minimum Since the Beginning of March[/SIZE][/B] [img]https://i.imgur.com/0VTn8n1.jpeg[/img] As the EUR/USD chart shows at the start of the European session today, the exchange rate has dropped below EUR 1.08 per US dollar. Tuesday's news contributed to this. According to Nasdaq.com, on March 26, 2024, The Conference Board published a report for March, according to which the CB Consumer Confidence index of consumer confidence dropped sharply: fact = 104.7; forecast = 107.0; previous value = 106.7. Comments followed: “Consumers remain concerned about increased price levels, which dominates the responses. March written responses showed growing concerns about food and gasoline prices.” As a result, the US dollar strengthened (as shown by arrow No. 1). After all, if the published data give grounds to assess inflation as high, then the Fed’s tough policy may last longer. [img]https://i.imgur.com/JJf3Pxn.png[/img] [B][URL="https://fxopen.com/blog/en/oa-eur-usd-analysis-the-price-today-has-set-its-minimum-since-the-beginning-of-march/?utm_source=trendriforum&utm_medium=analysis&utm_campaign=resolve"]TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG[/URL][/B] [I][B]Disclaimer:[/B] This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. [/I] [/QUOTE]
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