The EURUSD currency pair gained to near 1.0890 in Tuesday’s New York session, remaining shy of the key resistance of 1.0900 on presidential...
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Maroc - FINANCIALMIRROR.COM - A La Une - 06/Nov 14:51
Upbeat dollar on Trump landslide victory
EURUSD slightly recovered to 1.0750 after nosediving to near 1.0700 in Wednesday’s European trading, the lowest level in four months. The major currency pair was hit badly as Republican Donald Trump took the Senate from Democrats after gaining an unconquered lead in key battleground states. The Trump victory is expected to keep the US Dollar on the front foot. The DXY Dollar Index, which gauges Greenback’s value against six major currencies, remains firm near 105. Market action clearly shows that Trump’s victory is favourable for the US Dollar, which was already anticipated as the Republican candidate vowed to hike tariffs
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