Euro off two-year highs before Fed meeting

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London - The euro retreated from its two-year high on Tuesday as dollar sales declined before a two-day Federal Reserve meeting, during which investors expect its outlook will be reaffirmed.

FILE PHOTO: Rolled Euro banknotes are placed on U.S. Dollar banknotes in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration

Some dollar weakness came amid political wrangling over the next U.S. fiscal rescue package. The Republican leadership of the U.S. Senate introducing a proposal for the next coronavirus relief package, a $1 trillion plan called the Heals Act, but concerns were still evident over the details. “Delay in getting a deal agreed will cause unavoidable damage to the real economy, given the high level of uncertainty it is now creating,” Halpenny said., off the $1.1781 two-year high reached the day before. The dollar rose the same amount versus the pound and the Japanese yen.

Most analysts say the reasons for the dollar’s decline, especially falling real yields, remain intact, but the pace of the drop probably warranted a pause - particularly with a Fed meeting and a U.S. spending package in the offing.

 

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歐元€英鎊£將會繼續升值

gold skyrocketing, Stocks too, Money is getting printed, producted prices on the raise, loan is the same (if your still employed). You know how a hidden inflation looks like?

Lol

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