Dollar looks strong in August, but this may change in September
The EUR/USD bears were encouraged to go ahead amid the growth of the US stocks, strong report on US consumer spending, a decline in the German inflation and the statement of the soon-to-be ECB president Christine Lagarde that the European Central Bank has tools in its arsenal which it can and should use to tackle a downturn. The major currency pair has tested the support at 1.105 and is about to break through the August low, which increases the risk of the euro drop to $1.089.
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