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Trader, analyst and instructor with a 6-year experience

Sept. 27: European session

US dollar has dropped versus the major currencies as Fed’s member Evans said the said the Fed wasn’t actually ready to taper QE in September. In his view, there is not enough confidence in GDP and unemployment level these days. However, theoretically Evans doesn’t exclude tapering in October, December or January.

EUR/USD has extended the upside to $1.3520. Euro zone economic sentiment in September came at 96.9 vs. 96.00 expected and 95.3 previous. GBP/USD remains supported by the morning Carney’s hawkish comments. What’s more, UK Nationwide HPI in September rose by 0.9% m/m (forecast: 0.5%). Cable is trading around the $1.6100 mark as of writing.

 AUD/USD is trading under pressure around $0.9310. Aussie is under pressure because of the rate cut expectations ahead of the RBA meeting on October 1. USD/JPY has dropped to 98.40. 

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