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US dollar stronger, despite uninspiring US data - UBS

FXStreet (Córdoba) - As pointed out by UBS analysts, even though yesterday’s US data did not signal any immediate pressure on the Fed to hurry the first rate hike, dollar has continued to strengthen.

Key Quotes

“US pending home sales were a bit softer than expected. Personal consumption and the price index for personal consumption was fairly in line with expectations”.

“The data did not signal any immediate pressure on the Fed to shorten the way to the first rate hike. In line with this data outcome US interest rates came lower on Monday”.

EUR/USD nevertheless reached new lows, simply accelerated by the downside momentum of the last sessions”.

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