EUR/USD is rallying up amid the criticism of European QE
Poor reading of the U.S. retail sales increased investors’ concerns about the negative effect of trade wars on the U.S. economy, increased the chance if the Fed’s interest rate cut in October to 87% and encouraged the EUR/USD bulls to drive the price to the support levels of 1.1045 and 1.1065. The U.S. retail sales growth, following six months of growth, is down by 0.3% MoM. Capital Economics suggests that, in Q3, the consumption growth in the U.S. has slowed down to +2.5%, from the previous reading of +4.2%, and GDP rate…
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