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EUR/USD losing its safe haven appeal

Yohay Elam
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After the Chinese fireworks we did see some stabilization in commodity currencies and the pound. The safe haven yen lost its appeal and so did EUR/USD, which has reasons of its own to slide – inflation figures are weak. The pressure is set to continue. Also watch NZD/USD with the milk auction.

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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