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EUR/USD Softens as Trichet Softens Tone and Expectations

posted by Avatar forexcrunch 261 days ago in USD, EUR made popular 261 days ago

Trichet has clearly softened his tone towards inflation and lowered official expectations for growth and inflation. His words are critical for the exchange rate of the euro which is softening as well.

EUR/USD fell below support at 1.4030 as Trichet began speaking softly. It is just under the round number of 1.40 and above support at 1.3950. This
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