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Posted by
Two Blokes Tue at 5:45 PM -
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Forex
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From 3-year highs above 1.1550, the Euro to Dollar (EUR/USD) exchange rate dipped to lows below 1.1100 after the US and China agreed to slash tariffs for a 90-day period. Nordea, overall, expects that global investors will gradually reduce their exposure to US assets which will undermine the dollar, and it projects EUR/USD gains to 1.20 by.
