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30.07.2026 12:53 AM
Having been burned by milk, one blows on water. Speculators have learned this lesson from the bitter experience of last week, when the euro was first bought on rumors of hawkish rhetoric from the European Central Bank, only to be sold off before the Governing Council’s meeting. History is repeating itself. The US dollar was bought ahead of the July FOMC meeting, and then they started selling it off, even before the Federal Reserve’s verdict. EUR/USD is bouncing back and
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