EUR/USD was already under pressure due to some dollar strength. Weak US data such as poor factory orders failed to cheer it up. Rate hike expectations in the US are on the rise.
And then came Draghi: while the president of the ECB didn’t really say anything new, he certainly left the door open for more action in December. And he’s not done yet. The second out of three speeches is coming soon. Will EUR/USD break below 1.09?
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