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EUR/USD keeps rising, at 7-week highs

FXStreet (Córdoba) - EUR/USD broke above 1.1450 and climbed to 1.1472, hitting the highest level in almost two months as the USD plummets across the board.

USD down on Beige Book

Earlier in the morning it was the US retail sales and the PPI report that weakened greenback in the market and recently the Federal Reserve Beige Book triggered another decline of the dollar in the market. According to the report: “Manufacturing turned in a mixed but generally weaker performance during the latest reporting period, with a number of districts noting adverse effects from the energy sector".

EUR/USD above September highs

The euro rose above 1.1459 (September highs) and is now looking toward 1.1500. The pair is about to post the highest daily close since August 26 as it continues to move with a bullish bias and holding upside momentum.

AUD/USD: a concern with key failures - Scotiabank

AUD/USD is exhibiting a considerable vulnerability to broader market sentiment with a specific focus on China as market participants assess the path for growth and potential for further stimulus, as noted by Eric Theoret, CFA, CMT FX Strategist at Scotiabank.
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Low inflation remains a hurdle to the Federal Reserve – Wells Fargo

Sam Bullard and Sarah House, economists at Wells Fargo, point out that today’s Producer Price Index data shows that inflation remains a hurdle to the Fed’s liftoff.
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