December 15, 2016 BY LeapRate Staff
Forex: EURUSD below 1.05, heading toward Euro-Dollar parity after Fed rate rise
Yesterday's 25 basis point rate hike by the US Fed was not exactly a surprise, yet the Fed's move clearly wasn't fully baked into the currency markets. Since the rate move the benchmark EURUSD has dropped by nearly 2% from the 1.065 range to below 1.05. It now looks like we may be heading toward…
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