Everything is going against the US dollar, and the latest blow from retail sales was very significant. The doubts that Jeffery Lacker cast regarding his vote in October, being the sole voter for a hike in September certainly help the depressed dollar. Also the Beige Book, which is usually not a very colorful event, also hit the greenback. Against the euro, this accelerate the pair’s rise.
EUR/USD climbed but with a lot of caution as it approaches the very critical line of 1.1460. Here is why this line is critical and the levels to watch.
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