EUR/USD bulls defended support at 1.0875-1.0885
After the US manufacturing PMI was reported, Donald Trump has a new reason to criticize the Fed, and the central bank has a new reason to cut the interest rate. The president again attacks Jerome Powell and his colleagues saying that they have allowed the dollar to get so strong, especially relative to other currencies, that the U.S. manufacturers are being negatively affected. According to the response of financial markets to the poor reading of U.S. manufacturing activity, investors are confident that the Fed will continues easing its monetary policy.
The U.S. manufacturing purchasing…
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