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EUR Futures: room for extra upside
CME Group’s advanced data for EUR futures markets noted open interest resumed the upside after Monday’s pullback and rose by around 2.7K contracts on Tuesday. On the other hand, volume shrunk for the second session in a row, now by around 22.9K contracts.
EUR/USD faces strong resistance around 1.108
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Fed’s Daly: “We can keep the policy rate accommodative”
San Francisco Fed President Mary Daly crossed the wires on Saturday, via Reuters, and said that low inflation gives the FOMC space to keep interest rates low, which should result in higher employment.
Her dovish comments come ahead of this Wednesday FOMC minutes.
Additional Quotes:
"We can keep th
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