Fundamental OverviewSince last Friday, the USD has been mostly weak as Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium where he basically kept the door open for a 50 bps cut at the September meeting. In fact, the line saying that they will do everything they can to support a strong labour market was key. That pushed Treasury yields lower and weighed on the greenback across the board. In fact, the recent appreciation of the EUR has been mostly driven by the US Dollar side of the equation. The ECB started its easing cycle before the Fed and the market expects the central bank to deliver at least two more rate cuts before year-end. EURUSD Technical An
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