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1 Nov 2013
EUR/USD dips below 1.3500
FXstreet.com (Córdoba) - The EUR/USD dropped below the 1.3500 mark and hit a fresh 2-week low at the beginning of the American session.
USD advances ahead of ISM
The USD took another step higher amid hawkish comments from Fed's Bullard saying that further jobs gains would led to Fed tapering. Meanwhile economic data showed the final reading for October US Markit PMI came in lower than previously estimated, while ISM numbers are still due.
The EUR/USD which was threatening the psychological level finally fell through it and hit a low of 1.3493 in recent dealings and it was last down 0.6% at the 1.3495 zone with immediate support at the 1.3460 area (Sep 25 low).
USD advances ahead of ISM
The USD took another step higher amid hawkish comments from Fed's Bullard saying that further jobs gains would led to Fed tapering. Meanwhile economic data showed the final reading for October US Markit PMI came in lower than previously estimated, while ISM numbers are still due.
The EUR/USD which was threatening the psychological level finally fell through it and hit a low of 1.3493 in recent dealings and it was last down 0.6% at the 1.3495 zone with immediate support at the 1.3460 area (Sep 25 low).