Daily economic digest from Forex.ee
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Tuesday, December 27th
Today the EUR/USD pair breaks its 4-day winning streak and turns lower amid tightened trading activity on the market. Moreover, ongoing concerns around Italian banks which include the world’s oldest bank Monte Dei Paschi, are weighing moods around the common currency. However, the major currency pair has managed to rebound from its overnight lows posted at 1.0432 and now is trading around mid-point of 1.04 level as minor correction seen around the US dollar is lending support to the EUR/USD pair. Today the major will continue to track sentiments around the US dollar amid post-Christmas low trading volumes and minimal volatility across the market.
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