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EUR/USD finds a new 2 month low at 1.0806
The EURUSD just now hit its lowest level since the beginning of August, at 1.0806. The risk of a drop below the 1.0800 handle was highlighted here earlier today. Well, so far and despite coming close, it has held that level. The US stock markets are shortly going to open in the red and that adding some upside pressure on the dollar as is the continued fallout in the bond markets, as yields continue to press higher, although right now off their highest levels of the day. The EUR/USD is just now trading at 1.0816
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